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.
The Swedish retail company Teknikmagasinet has applied for bankruptcy on January 4th and the bankruptcy is expected to affect 220 workers in 36 stores around Sweden. According to the CEO of Teknikmagasinet, this is because of a long period of declining sales and a costly attempt to shift their core revenue stream from retail to the sale of used phones and mobile phone reparations.
Teknikmagasinet previously filed for bankruptcy in 2020 but were bought up in 2022 by the Norwegian company Release.
Eurofound (2024), Teknikmagasinet , Bankruptcy in Sweden, factsheet number 200675, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200675.
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...
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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...
