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.
Paper manufacturer Zanders will cut 350 out of 700 jobs in Bergisch Gladbach, as reported on November 8th, 2011 in Handelsblatt. This is due to overcapacity in the European paper market and former huge losses.
In a former press release (October 18, 2011) Finnish mother company M-real announced plans to discontinue specialty paper and uncoated paper businesses in Gohrsmühle, while profitable Chromolux paper remains in production. Furthermore, there are negotiations to launch a customer service center in Gohrsmühle.
The restructuring of Zanders is part of M-Real group's European restructuring and divestment plan. In October and November 2011 the Finish paper and pulp manufacturer M-Real announced the closure of its plant in Alizay (330 employees) France and redundancies of up to 180 workers at its paper mill in Äänekoski, Finnland.
Eurofound (2011), Zanders, Internal restructuring in Germany, factsheet number 72725, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72725.
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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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...
