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.
UPM Paper, the world's leading paper manufacturer announced the cuts of up to 108 jobs in several UPM’s European sites. The company employs 8,000 people in Europe and North America. This job reduction is a further rationalisation measure and follows the recent decision to close production at two paper plants, one in Augsburg, Germany, which has been completed at the end of 2016 and one in Steyremühl, Austria which has been closed in the first quarter of 2017.
The company confirms that the plan have no effect on production and will affect supply, customer service, sales, and technical customer service teams.
Eurofound (2017), UPM Paper, Internal restructuring in European Union, factsheet number 90638, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90638.
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...
