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.
Turvatiimi, provider of security services, has announced redundancies of up to 150 employees, starting during the last quarter of 2012. The company is opening negotiations with employee representatives on the proposed cuts.
Turvatiimi announced redundancies as it reported a disappointing financial result for the first half of 2012. The company seeks to save 2 million Euros. It cites tightening competition as well as increased fuel prices and labour costs as reasons for the cuts.
Eurofound (2012), Turvatiimi, Internal restructuring in Finland, factsheet number 73989, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73989.
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...
