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.
Because of its debt, Clariant announced the closure of four agrochemical plants affecting 200 jobs in Germany and in the United States. In February 2004, Clariant announced it will axe 4,000 jobs over the next 2 years. The job cuts are part of Clariant's restructuring programme, adopted after the company lost 648 million Swiss Francs in 2002.
The group did not specify where the job cuts would be made, but said workers affected in Switzerland would be offered another position within the company.
Eurofound (2003), Clariant, Internal restructuring in World, factsheet number 59637, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59637.
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...
