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.
The industrial bakery LBG Bakeries has declared bankruptcy citing decreasing demand for bread. LBG Bakeries, with its headquarters in Diest, has several establishments throughout Belgium. Three of the establishments have been taken over, saving 243 jobs in total. The establishment in Morlanwelz (214 employees) has been taken over by the company La Lorraine (93 jobs saved), the establishment in Heusden-Zolder (191 jobs) and the establishment in Asse (111 jobs) have been taken over by the families Cretskens and Foucart (80 jobs saved in Heusden-Zolder, 70 jobs in Asse). For the establishments in Diest (91 jobs), Ardooie (58 jobs) and Lommel (19 jobs), no take-over proved possible.
Eurofound (2015), Le Bon Grain, Bankruptcy in Belgium, factsheet number 86067, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86067.
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...
