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 competition between the two private German IT-companies providing services to saving banks and state banks - Sparkassen Informatik (SI) and FinanzIT - has led to a job cut at FinanzIT. It was announced on 13 February 2007 that 600 out of 2,700 jobs are to be lost until the end of 2008. FinanzIT, which is owned by several saving banks and state banks, provides IT services to about 170 saving banks and state banks. The IT-systems provided are said to be older than those of market leader SI. The job cuts form part of an overall restructuring programme.
Eurofound (2007), Finanz IT, Internal restructuring in Germany, factsheet number 64944, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64944.
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...
