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 March 2009, British oil and gas company BP announced the creation of a new operations centre in Budapest. On 17 November 2009 at the opening ceremony of the new site the company had already hired and trained 300 employees. The company expects the new centre to be fully operational within four years by when it will employ approximately 1,000 workers. BP benefited from a governmental grant to help investors creating new jobs. In 2010, BP will be also relocating 260 jobs from Germany (200 dismissals in Hamburg, 50 in Mönchengladbach and 10 in Uwe Franke) to Hungary. Prior to this business expansion, BP employed only 70 people.
Eurofound (2009), BP Magyarország, Business expansion in Hungary, factsheet number 70105, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70105.
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...
