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 25 November 2016, business group Freudenberg announced to cut up to 220 jobs at Weinheim starting in 2017. The company wants to restructure three parts of its business units to strengthen their competitiveness and profitability.
The management announced to start negotiations with the works council shortly. Freudenberg currently employs 4,400 staff in Weinheim.
Eurofound (2016), Freudenberg, Internal restructuring in Germany, factsheet number 89295, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89295.
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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