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.
As announced on 15 October 2025, the German subsidiary of the European clothing and non-food chain Pepco, is insolvent and is now closing 28 out of 64 stores in Germany by January 2026. 165 employees are affected and will be laid off.
Pepco Germany filed for insolvency in July 2025. The company is to be restructured through protective shield proceedings. The chain primarily sells clothing but also toys and decorative items. Pepco Germany employs 500 people in Germany. Across Europe, Pepco operates over 3,000 stores and employs approximately 30,000 people.
Eurofound (2025), Pepco, Bankruptcy in Germany, factsheet number 203498, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203498.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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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...
