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.
Billund Aquaculture, a prominent Danish company known for its advanced recirculating aquaculture systems (RAS), faced significant financial difficulties, leading to a major restructuring in 2024 and the loss of 125 jobs.
The company, which had been a leader in the aquaculture industry for several decades, was unable to sustain its operations due to financial strain, partly caused by increased competition, rising costs, and project delays. As a result, the company is forced to close down, leading to the dismissal of all 125 employees at Billund Aquaculture. All the employees were informed of the bankruptcy of the company on 26 July 2024, and they were immediately dismissed from their positions
Eurofound (2024), Billund Aquaculture, Bankruptcy in Denmark, factsheet number 201509, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201509.
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...
