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.
In September 2005, the German group Kromberg&Schubert will start building a factory in Mediaş (Centru region, Sibiu county). Construction works are expected to be finalised by March 2006. In the initial stage investments will total €10 million. The factory will manufacture special cables, network cables, cables for automotive engine compartments and plastic components. The factory will start off with 1,000 employees; the company hopes to achieve a total workforce of more than 2,000 people in the future. Kromberg&Schubert is a global supplier to the automotive components industry and has over 13,000 employees worldwide. In Romania, the group became operational in 1999, setting up a factory in Timişoara (Vest region, Timis county) which currently employs 2,600 people.
Eurofound (2005), Kromberg and Schubert, Business expansion in Romania, factsheet number 62305, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62305.
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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