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.
On a press conference 8 March 2007 the CEO of the insurance company Codan announced that 75 employees will be made redundant during 2007 and further 25 in 2008, i.e. 100 jobs in all. At the end of 2006 there were 1,489 employees in the Danish department in Copenhagen. The CEO said that this was a continuation of the company policy that so far have resulted in the redundancy of 250 jobs as part of a comprehensive restructuring of costs. He did not specify the timespan over which the 250 redundancies took place, but it was understood that it was before the end of 2006. Codan is owned by Royal & Sun. The 100 redundancies will take place within IT, examination of claims and sales.
Eurofound (2007), Codan A/S, Internal restructuring in Denmark, factsheet number 64345, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64345.
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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