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.
Cleaning services provider Osisus has been declared bankrupt with the loss of 119 jobs. The company has been experiencing financial difficulties for some time now and has been unable to pay all employees their due salaries. The Employee Insurance Agency, UWV (Uitvoeringsinstituut Werknemersverzekeringen), is reported to have been paying the affected employees’ overdue salaries for a period of up to 13 weeks. UWV will also be paying the employees’ notice period salaries and annual leave allowances. The bankruptcy administrator is exploring the possibility of another company re-hiring the affected employees so that as many jobs as possible could be saved.
Eurofound (2017), Osius, Bankruptcy in Netherlands, factsheet number 90653, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90653.
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...
