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 heat pump manufacturer Thermia, owned by the german company Stiebel Eltron, is dismissing 43 consultants from their factory in the Swedish town Arvika. This due to a decreasing number of sales within the heat pump industry. In December 2023, an initial 29 consultants were dismissed from the company for the same reason.
The CEO of the company, Magnus Glavmo, argues that EU and the member states must prioritize fossil free energy, but that the current low prices on gas will continue to contribute to a negative trend on the heat pump market.
Thermia manufactures heat pumps for residential use as well as industrial use and employed almost 280 persons in Sweden in 2022.
Eurofound (2024), Thermia, Internal restructuring in Sweden, factsheet number 200932, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200932.
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...
