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.
LSG Sky Chefs, a catering subsidiary of the Lufthansa group, has announced the intent to dismiss 130 of its 600 employees in Belgium. Most of these are blue collar workers active in the production departments of the company based in Zaventem, Brussels but also in some regional airports. The main reasoning behind the restructuring are cost saving measures made necessary, according to the company, by increased competition and loss of several significant contracts. Trade unions have indicated that they will propose alternative measures to the management in order to reduce the amount of job losses. In total the Lufthansa group has indicated that it could dismiss 2400 of its European employees across its catering operations, notably in Germany (1700), by 2021.
Eurofound (2016), LSG Sky Chefs, Internal restructuring in Belgium, factsheet number 89002, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89002.
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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