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.
Hulleras del Norte (Hunosa), the public coal mining company in Asturias (north of Spain), has announced this summer that it will offer early retirement to 1,276 out of its 3,318 employees between 2007 and 2012. The employees to be offered early retirement will have to be above 52 years old and be workers for more than eight years in the mining sector. The reason for this restructuring is that the company has never earned profits since it was created in 1967 (it lost 53.6 million EUR last year). By early retirement of 717 employees, the company has already reduced its staff in the period between 2002 and 2005, but this has not been enough to compensate for the huge losses.
Eurofound (2006), Hulleras del Norte (Hunosa), Internal restructuring in Spain, factsheet number 63962, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63962.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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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...
