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.
Oil producer Petrom, the Romanian subsidiary of the Austrian group OMV, is to lay off 3,000 employees in Romania as of February 2009. The job cuts are reported to be more the consequence of the firm's privatisation in 2004 than a direct result of the economic crisis. At that time, the company was state-owned. In 2008, the company reported a turnover of 3.5 billion euro.
Eurofound (2009), Petrom, Internal restructuring in Romania, factsheet number 68056, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68056.
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...
