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 directors of Frantschach Świecie SA have drawn up a programme of organisational changes at this Polish company, one of them being the downsizing of employment by 250 people by the end of 2005. Frantschach's management takes the position that such measures are made necessary by stiff competition in the European cellulose and paper markets, and also by the drop in paper prices (by 5-10% since 2000). This fall in paper prices is necessitating a reduction of production costs, hence the planned redundancies.
Eurofound (2004), Frantschach Świecie, Internal restructuring in Poland, factsheet number 60409, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60409.
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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