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.
Seaway Yachts, a member of Seaway group, is a company which produces boats and yachts and is located in Pucinci in the Pomurska region. A new production line will seemingly not be launched in the recently built facilities in Pucinci near Murska Sobota (cf. factsheet no. 10810). Workers haven’t received their salaries for three months and, for this reason, they filed for bankruptcy in January 2015. As articles report, the majority of workers quit their jobs in the turbulent months before the bankruptcy, because they hadn’t received their salaries. According to Peter Virant from Pergam trade union, quoted in articles, only a few dozen remained in employment at the time of bankruptcy. According to the last publicly available annual report in 2013, there were 123 persons employed.
Eurofound (2015), Seaway Yachts, Bankruptcy in Slovenia, factsheet number 79185, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79185.
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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