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.
Following the collapse of EUjet and its parent company PlaneStation in late July 2005 staff at Kent International Airport have been told that 127 jobs are to go. Workers at the airport in Manston were told the redundancies would take place immediately. Administrators said PlaneStation would only keep a skeleton staff to make sure the airport stayed operational while efforts continued to find a buyer. Clive Lewis, a representative of the Transport and General Workers' Union, said the meeting had left workers stunned. 'It will have a great impact on people from the area because Thanet is a high unemployment area and there is not much chance of people finding jobs. As the company is Irish the future of EUjet and its employees is being handled by an administrator from the Republic of Ireland.
Eurofound (2005), EUjet, Internal restructuring in United Kingdom, factsheet number 62036, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62036.
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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