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.
On 13 July 2009, the insurance company Bayerische Beamten Versicherung announced that it will cut 100 of its 550 jobs in Germany. The job cuts are to save 10 million euro annually. The company stated that it was looking for socially acceptable solutions to implement the job cuts which are a part of an internal restructuring programme. Downsizing affected all departments of the insurer. Timelines concerning the employment effect start or its end were not specified by the company.
Eurofound (2009), Bayerische Beamten Versicherung, Internal restructuring in Germany, factsheet number 69293, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69293.
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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