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.
Against the backdrop of a global economic downturn, the Denmark-based engineering company FLSmidth plans to cut 600 jobs worldwide (accounting for 6% of the workforce) in order to create the necessary flexibility and be better prepared for future uncertainties in the markets. This was announced to the Danish Financial Supervisory Authority on 19 January 2009. The reduction in workforce is expected to primarily affect FLSmidth's three project centres in Valby, (Denmark), Bethlehem (US) and, to a very limited extent, Chennai, India. Statutory national negotiations will be initiated with the relevant labour market organisations. FLSmidth expects that the downsizing of its workforce will have 'a limited positive effect on the earnings for 2009 and a full impact in 2010'.
Eurofound (2009), FLSmidth, Internal restructuring in World, factsheet number 67919, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67919.
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...
