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.
Metal casting company Global Castings is to offshore its entire production in Kristiansand, resulting in 154 job cuts by mid-2014. It is not known as yet which country the production will be offshored to.
Production will continue until the end of May 2014, but job reductions will start in January.
The measure is due to high costs in Norway and a lack of competitiveness. Unions have stated that workers were in shock over the loss of their livelihoods, but that they understand that little can be done given current economic situation.
Eurofound (2013), Global Castings, Offshoring/Delocalisation in Norway, factsheet number 76285, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76285.
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...
