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.
PKS, the bus carrier based in Nowy Sącz, is planning to cut its 350-strong workforce by approximately 80 before the end of 2009. These redundancies will extend to drivers - predominantly those who are already eligible for pre-retirement benefits or outright retirement. PKS Nowy Sącz operates a fleet of 130 buses serving 82 routes, travelling 950 connections every day. The planned redundancies are part of a restructuring programme which, it is hoped, can stave off the company's bankruptcy.
Eurofound (2009), PKS, Internal restructuring in Poland, factsheet number 69258, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69258.
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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