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.
Turku municipality has announced that it will cut 350 jobs. According to the source, the municipality began negotiations in March regarding the possibility of 330 redundancies, but this figure was increased.
The source reports that Turku municipality will reduce staff by 175 employees in 2015 and 2016 respectively. The job cuts are part of a cost savings measure intended to save €8.4 million per year. The City Council of the Turku Municpiality approved the savings package in June. According to the source, statutory negotiations will begin on August 7th and are expected to last for six weeks.
Eurofound (2014), Turku municipality, Internal restructuring in Finland, factsheet number 77168, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77168.
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...
