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.
Based in the Northern city of Clervaux, the Tarkett company announced in April 2024 to dimiss 126 employees. The management had justified its decision by stopping its 4M coating line by the end of the year, due to a difficult economic situation. The representative trade unions OGBL and LCGB achieved to negotiate a social plan that was signed in May 2024 and that reduced the number of dismissed employees to 91.
While a significant number of employees will benefit from early retirement schemes, the social plan also put forwards a job guarantee until the 31 of December 2026 for the remaining employees, as well as bonus incentives for voluntary leaves.
Eurofound (2024), Tarkett, Internal restructuring in Luxembourg, factsheet number 201201, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201201.
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...
