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.
ArcelorMittal Ostrava, a subsidiary of the world's largest steel producer, has announced up to 350 job cuts out of a total 10,300 jobs in the Czech due to the global financial crisis. About 264 jobs will be lost at the Ostrava site while the remainder of the job losses will occur in other Czech sites. Employees in administrative-related functions will be the most affected by the restructuring. The company has already prepared a package of social and financial aid for laid-off workers. Those workers who leave the company on voluntary basis will be given up to 12 average monthly wages. There is no information on when the job cuts are to be implemented by. Republic
Eurofound (2009), Arcelor Mittal, Internal restructuring in Czechia, factsheet number 67764, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67764.
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...
