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.
Established in 1864, DNV is an independent foundation which is a leading international provider of services for managing risk. DNV operates in multiple industries internationally, but the strongest market presence and largest customer base is within maritime, oil & gas and process industry and transportation (rail, automotive and aviation). Core activity is classification of ships and the core competence is identifying, analyzing and managing of risk.
The group has about 300 offices in almost 100 countries. The group has about 6500 employees, whereof 2000 in Norway. The head office is at Høvik, outside Oslo. On 4 July 2006 the group announced that they had already grown with 400 employees this year and plan to increase this number with 500 more before the year ends. Of these 900, 300 will be employed in Norway, 50-60 in China and 40-50 in Brazil. The group expects the growth to continue and plans to expand with additional 1000 new employees worldwide in 2007.
The group states that it is mainly organic growth (60%), but also buying of niche companies contributes to the growth. The reason for growth is the growing need worldwide for managing risk and safeguarding life, property, and the environment because of the society's increasing dependency of vulnerable advanced technology, especially ICT systems.
Eurofound (2006), Det norske Veritas (DNV), Business expansion in Norway, factsheet number 63824, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63824.
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...
