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.
On 18th April 2013 Saudi Basic Industries (SABIC), a Saudi Arabian company in the petrochemical sector, announced its plan to cut 420 jobs in the Netherlands, as part of a European restructuring plan which will result in the loss of 1,050 jobs (see ABIC-EU2013). The redundancies are attributed to low market demand, the increasing competition from Asia and the use of new energy sources in the US. Most of the jobs (300) will be cut in the southeastern part of the country. Earlier in 2013 there was an unsuccessful strike for an improved social plan at Sabic.
Eurofound (2013), Saudi Basic Industries - NL, Internal restructuring in Netherlands, factsheet number 75328, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75328.
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...
