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.
German multinational Siemens announced the cut of 2,900 jobs in its industry divisions in Germany. This is due to falling demand. Siemens plans to close two of its four mechanical drives factories,; this is going to result in 500 job losses. 200 additional jobs shall be offshored to the Czech Republic (Siemens- CZ2013). The remaining job cuts affect administration (500 jobs) and sales (1,700 jobs). Worldwide, Siemens aims to reduce workforce by 3,000 and save 6 billion euros (planned before the end of 2014). For further information see Siemens Industry Sector 2013 and Siemens2012.
Eurofound (2013), Siemens Industry Sector, Internal restructuring in Germany, factsheet number 75378, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75378.
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...
