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.
Vestas, a sustainable company active in the energy sector and in particular in the manufacturing of wind turbines, announced a new cutting-edge production line for the flagship V236-15.0MW wind turbine blades. The company plans to expand and reach 2,000 employees in the upcoming months.
The pioneering production line will be started up at the Taranto plant in the region of Apulia, Italy, bringing in approximately 1,300 new employees (in an unclear time frame). Employment growth at the plant is part of the company's industrial plan, given the positive results at the site and the availability of skilled labour in the area.
In 2024, the company has increased its workforce in the plant from about 700 to over 1,600 employees.
Eurofound (2024), Vestas, Business expansion in Italy, factsheet number 202003, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202003.
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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