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.
In 2008, Styria Vzmeti, a producer of fasteners, screw machine products, chain and springs, reduced its workforce by 101 workers (65 employees on fixed term contracts, 20 workers employed via employment agencies and 16 workers on permanent contracts). The company has recently announced that it is to cut another 45 jobs. The number of employees in the company will be then reduced to 115. The reason for the downsizing of employment is decrease of orders. The company is located in the town of Ravne na Koroškem in the Koroška region and is part of the Austrian based Styria Group.
Eurofound (2009), Styria Vzmeti, Internal restructuring in Slovenia, factsheet number 68278, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68278.
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...
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