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.
Globalfoundries, a US-based semiconductor foundry, will cut between 700 and 800 out of 3,700 jobs at its plant in Dresden. According to the head of the Company, Globalfoundries must cut its personnel costs by 20% for the plant to remain economical. The staff at Globalfoundries has been informed and the management hopes that the negotiations with the workers' council will be completed by January 2016.
Globalfoundries is a semiconductor foundry which produces micro chips. The Dresden site was first set up in 2009; the company's headquarters are in Santa Clara, US. Globalfoundries is one of the largest private sector employers in Dresden.
Eurofound (2015), Globalfoundries, Internal restructuring in Germany, factsheet number 85146, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85146.
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...
