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.
On 22 April 2016, Norwegian manufacturer of drilling equipment National Oilwell Varco announced a future cut of 520 jobs. The announcement follows two rounds of restructuring which took place in 2015.
The Norwegian part of the company is a subsidiary of National Oilwell Varco, headquartered in Houston in the state of Texas, USA. Globally, the company has over 60,000 employees worldwide. The company supplies drilling equipment for both onshore rigs and offshore installations, as well as services such as pipe inspection.
Eurofound (2016), National Oilwell Varco Norway , Internal restructuring in Norway, factsheet number 88994, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88994.
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...
