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.
Fortis bank announced on 23 June 2005 its new strategic plan for the period 2005-2009. The plan involves new investments as well as cost reductions. 1,200 jobs are to go by 2009, through the non renewal of temporary contracts and early retirements measures. The affected jobs will be cut in the human resources , IT and logistics departments, mostly in Benelux countries. The group plans to save up to €100 million in 2006 and gradually €250 million by 2009. On a more positive side, Business centres are to be opened in the Czech Republic, Austria and Hungary by 2009.
Eurofound (2005), Fortis Bank, Internal restructuring in European Union, factsheet number 61808, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61808.
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...
