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 Embraco – a Brazilian multinational company, which produces components for household equipments and is part of the Whirlpool group - is to cut 250 jobs. This announcement follows the reorganisation plan announced on February 2005, which envisaged the loss of 485 jobs within the 2011. In order to reduce the negative social effects for the redundant workers, the company, the trade unions and the Ministry of Labour reached an agreement the envisages the recourse, for two years, to the ‘special’ Wages Guarantee Fund - a ‘social shock absorber’ that intervenes in cases of restructuring, reorganisation, closure, change of activity or economic difficulties - or, alternatively, the recourse to economic incentives for voluntary resignations.
Eurofound (2008), Embraco Europe, Internal restructuring in Italy, factsheet number 60882, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60882.
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...
