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.
Already in October 2024, paper manufacturer Fjord Paper filed for preliminary insolvency. By mid-December 2024, it became clear that no investors could be interested in taking over the company. The insolvency proceedings administrator announced that the company will negotiate a social plan with the works council at the beginning of 2024. However, the company company will shut down its paper production at the Flensburg site completely and all jobs will be lost. The 200 employees affected by the company's bankruptcy will lose their jobs by the end of April 2024. Employees' wages are secured until the end of April 2025.
Eurofound (2024), Fjord Paper, Bankruptcy in Germany, factsheet number 202123, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202123.
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...
