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.
74 out of currently 280 employees of the Styrian Lear production plant in Köflach, which is part of the US-based automotive supplier Lear Corporation, stand to lose their jobs by the end of 2008. The Labour Market Service (AMS), in the framework of the legal redundancies notification procedure, has already been given advance warning of this intention. This was confirmed by management on 31 July 2008. The Lear site in Köflach mainly produces seating systems. According to management, the planned redundancies have become inevitable, since the main costumer, the Magna Steyr Group located in Graz, has changed its production line. As a consequence, demand for complete seating systems has been slumping.
Eurofound (2008), Lear Corporation, Internal restructuring in Austria, factsheet number 66938, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66938.
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...
