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.
Volvo Cars Cooperation has recently experienced a period of strong growth and will recruit about 1,000 new jobs in Gothenburg and another 200 in Gent. Most of the new jobs (about 900) will be for engineers in research and development. The company intends to expand its operations to enable the development of highly competitive and fuel efficient products and technologies. In particular, Volvo is seeking to build expertise in electric cars. According to the company, the recruitment is among the largest in the history of Volvo.
However, on 25 August 2011 Volvo representatives announced that the company is struggling to recruit the 1000 engineers due to housing shortage in Gothenburg. Only 400 of 1000 engineers are expected to have been recruted by the end of 2011.
Eurofound (2011), Volvo Car Corporation, Business expansion in Sweden, factsheet number 71805, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71805.
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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