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 KFC and Pizza Hut chains will expand by another four units (two KFC restaurants and two Pizza Hut restaurants) to the provinces by the end of the year, announced Carmen Lupuleţ, marketing manager of the two companies that hold the brands. Every new unit will generate a minimum 30 jobs and a maximum 100 new jobs. So far Pizza Hut chain consists of five restaurants in Bucharest and another four in the provinces (Constanţa, Iaşi, Cluj, Bacău). The brand has been brought to Romania as franchise by American Restaurant System. The turnover of the company was estimated in 2005 at EUR 5.5 million. We have to select every city we go to carefully, bearing in mind the population, the purchasing power in the area, and the location itself that needs to be a central area or an area with lots of people. That is why we have opted for malls", stated Carmen Lunguleţ.
Eurofound (2006), Pizza Hut, Business expansion in Romania, factsheet number 63762, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63762.
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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