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.
Jitex, the leading Czech cotton yarn and knitwear producer, is going to close during summer 2005 its last and largest plant in Milevsko, where more than 200 people (especially women) are employed. The manufacturing technology and about a half of the workforce are to be moved to the manufacturing centre in Písek. The main reason of restructuring plan is a recent liberalisation of soft goods being imported at lower prices from China. Five manufacturing sites have been already closed and consequently about 500 people — almost one third of the initial staff — will remain in the company.
Eurofound (2005), Jitex, Relocation in Czechia, factsheet number 61534, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61534.
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...
