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 low-cost airline Eurowings, part of the Lufthansa Group, is taking up flight operations at Vienna airport and looking for 600 new employees in the upcoming two years. According to media sources 400 flight attendants and 200 pilots will be hired. So far, the German part of the corporation has been carrying out operations in Austria. With Eurowings the group tries to compete with other low-cost airlines such as Ryanair and Easyjet. However, this competition has raised concern among the trade union 'vida', responsible for the sector, as Eurowings wages are 15 per cent below the collective agreement of Austrian Airlines, also part of the Lufthansa group. However, the management of Eurowings Austria is open to talks with trade unions.
Eurofound (2016), Eurowings Austrian Wings, Business expansion in Austria, factsheet number 86281, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86281.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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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...
