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 12 April 2010, the chemical company BASF announced to cut around 500 jobs worldwide by 2013. The company stated to restructure its global pigment business, eliminating certain products. Therefore labour capacities also have to be reduced. 500 out of 2,900 jobs are to be shed before 2013. 320 jobs will be lost in Europe: mostly affected are its sites in Paisley (UK) and Grenzach (Germany). Another 90 and 80 jobs will be cut in Guaratinguetá (Brazil) as well as in Louisville and Elyria (USA).
Eurofound (2010), BASF, Internal restructuring in World, factsheet number 70409, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70409.
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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