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.
SEZ, a supplier of single-wafer wet-processing solutions, plans to lay off 60 of its around 550 employees at its plant in Villach. The redundancies will come into effect between 15 January and 13 February 2009. The company has been operating at a significant loss since 2007. Therefore, the planned dismissals would be inevitable, management argued. The latter has offered a social plan to the employees affected by the restructuring; however, this social plan has been criticised by the Chamber of Labour of Carinthia as by far not satisfying, in particular in terms of its funding by the company. SEZ is, since March 2008, a division of the US-based LAM Research Corporation.
Eurofound (2008), SEZ, Internal restructuring in Austria, factsheet number 68010, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68010.
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...
