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.
Taiwanese mobile phone maker HTC is to create 300 new jobs with the opening of its service centre for Europe in June 2015 in the city of Brno. The city benefits from its strategic position based on direct access to the motorway network and skilled workers. In the first year, the total investment will reach CZK 1 billion. As reported, the site will employ about 1,000 people in the long run.
Update 24/8/2015: Newspaper reports indicate that HTC apparently has abandoned the plan to run its service centre for Europe in Brno, previously indicated in June 2015. The company has started to lay off newly recruited staff (about a dozen employees). In mid-August 2015, the company announced plans to reduce its global workforce by about 15 percent and operational expenses by more than a third. HTC has problems with sales levels and expects a net loss this quarter.
Eurofound (2015), HTC, Business expansion in Czechia, factsheet number 79946, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79946.
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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