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 shipbuilding company STX France has announced plans to recruit 150 permanent employees for the Saint-Nazaire shipyard by the end of 2016. STX France has been commissioned to build 14 cruise ships by 2026 and needs to increase its workforce in order to keep up with the demand. The company has recruited 250 people over the past 9 months, but is still facing a labour shortage and finding it difficult to recruit boilermakers and welders. According the Loire-Atlantique department of the public employment service, Pôle Emploi, there were about 200 boilermakers seeking employment two years ago, and there are currently no more. Since the beginning of 2016, more than 500 people have started training in shipbuilding in Saint-Nazaire with Pôle Emploi, but the training process takes time (between 10 and 12 months for boilermakers) and Pôle Emploi does not receive enough candidates to enter into training.
Eurofound (2016), STX France, Business expansion in France, factsheet number 88761, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88761.
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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