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.
Banking group Intesa SanPaolo S.p.A. is to cut 1,300 jobs between 2007 and 2009. The announcement follows an agreement between managers and trade unions at the firm over a re-organisation plan for the 2007-9 period. The agreement also specifies that redundant workers will benefit from a special ‘solidarity fund’ to aid them, and that the group will recruit one apprentice worker for every two workers that are dismissed. The latest round of job losses at Intesa SanPaolo S.p.A. follow the many redundancies that occurred after Banca Intesa and San Paolo-Imi merged in November 2006 to create Intesa Sanpaolo S.p.A.. In this instance, 5,200 job losses were announced after an agreement was reached between managers at the new group and trade unions.
Eurofound (2007), Intesa SanPaolo, Internal restructuring in Italy, factsheet number 65674, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65674.
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...
