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.
The factory in Bilbao is a joint venture between the Basc government and Babcock Borsig. As Babcock Borsig wanted out, the Basc state was seeking new investors to save the factory, their money and contract lasting until November 2003. On 30 July 2004, the Spanish Central Government finally authorised the company's last job reduction plan which had been refused by the regional Basc Government. The job reduction plan will affect 258 workers. The production plant in the Basc Country has been bought in the beginning of 2004 by the Austrian energy firm ATB. ATB's Industrial Plan ATB for the plant contains an investment pack of 76 million euros for the next years until 2008.
Eurofound (2003), Babcock, Internal restructuring in Spain, factsheet number 59713, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59713.
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...
