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.
Sparkasse Vorderpfalz, a German savings bank, announced to cut 140 jobs at regional level within the next four years. A total of 60 jobs will be cut during 2016. Major cities in the area affected are Ludwigshafen and Speyer. However, which branch offices will be affected and to what extent is not yet known. The savings bank announced that it wanted to implemt the job reduction by natural fluctuation, offering early and partial retirement schemes and compensation payments. According to its management, the company wants to become more competitive. Sparkasse Vorderpfalz currently employs 1,100 employees.
Eurofound (2016), Sparkasse Vorderpfalz, Internal restructuring in Germany, factsheet number 86669, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86669.
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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