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 Swedish carmaker Volvo is planning to cut up to 1,500 jobs and decrease costs by SEK 1 billion. The Ford Motor-owned company blamed the exchange rate between the Swedish crown and the dollar, increased competition and high steel costs. 'About 1,000 to 1,500 jobs would be affected as part of the cost-saving drive', Volvo said. Most of the cuts will come at Volvo's operations in Göteborg, the company said. Volvo Cars has 20,000 staff in Sweden and 8,000 in other countries, most of them in the US.
Eurofound (2005), Volvo, Internal restructuring in Sweden, factsheet number 62183, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62183.
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...
