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.
Bankruptcy Administrator of AB Bankas Snoras confirmed that a further 142 employees of the bank were made redundant on 31 July 2012 as a result of the ongoing downsizing of Snoras' operations (see factsheet 19552).
As of 1 August 2012, 205 employees remained working at the bank.
Since the commencement of bankruptcy proceedings on 7 December 2011, the total number of dismissals has reached 1,192. According to the management, these redundancies contributed to substantial savings by the company.
Eurofound (2012), Snoras, Internal restructuring in Lithuania, factsheet number 74104, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74104.
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...
