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.
About 150 temporary agency workers of the General Motors Powertrain factory in Vienna were laid off in November 2008. This was reported by the Austrian newspaper Der Standard on 7 January 2009. Moreover, management plans to take recourse to short-time arrangements, affecting 1,540 of the current 1,850 employees from 19 January to 8 May 2009. This is due to persistent disturbances of economic activities in the automotive (supplying) industry. General Motors Powertrain Vienna mainly produces engines and gears for Opel vehicles.
Eurofound (2009), General Motors, Internal restructuring in Austria, factsheet number 67752, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67752.
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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