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.
Prevent, a Slovenian manufacturer of car-seat covers, based in the Koroška region, is to cut its workforce by 169. The cuts are a result of a reduction of orders of approximately 40% from company's traditional customers. By the end of July 2009, 119 employees from entities in Slovenj Gradec and Radlje ob Dravi (both in Koroška region) will lose jobs, while in August another 50 employees from Slovenj Gradec unit will be laid off. Altogether, the number of employees will be reduced by 169, much less than originally planned (300-400; see factsheet ID 14063). The lower reduction of employment is due to the closure of a production unit in Croatia resulting in some production returning to Slovenia.
Eurofound (2009), Prevent Global, Internal restructuring in Slovenia, factsheet number 69280, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69280.
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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