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.
French banking group Credit Agricole is to axe 500 jobs worldwide at its corporate and investment banking arm, Calyon, half of which will take place in France. The job cuts, part of a restructuring plan via which Calyon aims to save 300 milions euros next year, will be made via voluntary redundancies and internal mobility. The bank is to put a stop to its high-risk and loss-making operations, such as structured products, in order to focus on more traditional financing activities.
Of the French banks, Credit Agricole has to date been the worst affected by the US subprime mortgage market collapse, suffering losses of 6.5 billions euros.
Eurofound (2008), Calyon, Internal restructuring in World, factsheet number 67071, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67071.
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...
