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.
AES Borsodi Energetikai, the Hungarian subsidiary of the US-based global power company AES, is to dismiss some 132 employees as of January 2012. The company filed for bankruptcy protection in July 2011 and liquidation proceedings started in November 2011.
The company operated power plants in Tiszapalkonya and Kazincbarcika, but the production was no longer profitable. According to press reports, this loss of profits is due to a long-term fall in wholesale electricity prices, rising coal and biomass prices, and increasing carbon dioxide emission costs.
Eurofound (2011), AES Borsodi Energetikai, Bankruptcy in Hungary, factsheet number 73247, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73247.
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...
