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.
Radiator manufacturer Henrad announced its intention to stop the production of radiators and related logisitics activities in Herentals, near Antwerp. This will lead to the cut of 113 jobs. According to management, the decision arises as a result of strong market competition, over-capacity and declining demand for radiators / central heating as new home heating technologies become more widespread.
Trade unions will discuss measures to reduce the number of layoffs with management in the works council. As a result, the "Renault procedure" was launched.
Eurofound (2014), Henrad, Internal restructuring in Belgium, factsheet number 76702, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76702.
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...
