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.
Kitchen and bathroom furniture company Novart is to close its plant at Forssa with the loss of 152 jobs. The production will be relocated to its Nastola factory also in southern Finland. The job cuts are due to the decline in the construction of residential properties, causing reduced order intake and order backlog. The job cuts will be implemented by June 2009 and will not affect customer deliveries or customer relations. Novart, which is part of Swedish company Nobia, employs some 520 employees in Finland.
Eurofound (2008), Novart, Relocation in Finland, factsheet number 68242, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68242.
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...
