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.
The engineering group ABB announced on May 18, a plan to cut 156 jobs at its robotic division, mainly in Saint-Ouen-l'Aumône (Val d'Oise), due to structural deficit and decline in activity (-20% on one year), management said. This restructuring comes just months after a plan which had already resulted in the loss of 460 jobs in 2009 at the end of several months of conflict between management and unions. A central delegate of CFE-CGC union explained that ABB has no economic reasons to lay off workers and that the company intends to « pursue its relocation to China ». Management proposed a severance pay of 40.000 euro for each dismissed workers.
Eurofound (2010), ABB, Internal restructuring in France, factsheet number 70754, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70754.
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...
