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.
Gencoal, a Portuguese food canning company announced at the end of March 2024 that it would dismiss 97 workers, representing 35% of its workforce (a total of 277 workers).
Gencoal is located in Vila do Conde (Porto), and owned by Italy's Generale Conserve. Despite the sector's growth, with exports increasing by 38% between 2015 and 2021, and 24 investment projects receiving EUR €27.4million from the Mar 2020 programme, the company is forced to reduce its workforce. The rise in the price of olive oil and aluminium, and competition from Poland are the main reasons pointed out for this decision.
Eurofound (2024), Gencoal, Internal restructuring in Portugal, factsheet number 200979, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200979.
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...
