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 mechanical company NLI Alfred Andersen in Larvik, Norway, filed for bankruptcy, which results in 104 jobs being lost.
The reason for bankruptcy is declared to be a court decision ordering NLI to pay a substantial amount of money to Babcock Industry and Power GmbH following a disagreements concerning an assignment for Statoil at Mongstad.
Eurofound (2012), NLI Alfred Andersen, Bankruptcy in Norway, factsheet number 73680, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73680.
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...
