Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Construction contractor KF Entreprenør has declared bankruptcy. The company had 117 employees in Norway, with headquarters in Oslo and an additional office in Østfold. The company had 284 million NOK in debt when declaring bankruptcy. Contributing factors to the bankruptcy included difficulties with high sick leave during the pandemic, volatile prices of building materials and declining acticity in the construction sector, as well as delivery issues in several projects. The estate manager worked with several interested companies with the aim of transferring and continuing projects, but these efforts were ultimately unsuccessful in securing jobs for the employees.
Eurofound (2023), KF Entreprenør, Bankruptcy in Norway, factsheet number 200404, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200404.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
