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 French subsidiary of Fortis, the Belgo-Dutch banking group, announced on 13 June 2007 that the company is planning to cut 250 jobs, about 8% of its total staff, closing seven branches and merging another ten. The bank says the planned cuts are designed to simplify its organisation and improve its performance. The changes will take place over 24 months between July 2007 and July 2009 and they will affect both the group's headquarters and its branch network.
Eurofound (2007), Fortis, Internal restructuring in France, factsheet number 65486, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65486.
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...
