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.
Car equipment manufacturer Faurecia has announced to cut about 1,500 positions by 2013 in Western European countries. These cuts come on top of 1,500 positions that were already cut in 2012. It has yet to be specified where exactly the job cuts will be implemented. The management explained that it is reacting to the downturn of the automotive market.
Faurecia, a subsidiary of PSA Peugeot-Citroën, employs 43,000 employees in Europe and a total of 84,000 world-wide. It is reported that by 2016 more than half of their European employees will work in Eastern Europe, where Faurecia expect to build seven plants.
Eurofound (2012), Faurecia, Internal restructuring in European Union, factsheet number 74489, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74489.
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...
