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.
The bank BNP Paribas has announced a reorganisation that will lead to cut 640 positions in its retail banking activities by 2020. The retail banking activities employs currently 29,000 people in France. The details of the project have been presented on 22 June to the representatives of the trade union. Earlier during the year, the group declined to comment rumours that it planned to close 200 agencies by 2020. The 640 job reductions will result from natural departures, mainly retirement. The reorganisation aims to decentralise the decision centre and to reduce the level of decision from 3 to 2 deleting the "entities" that are currently between the agencies and the "groups" covering several entities.
Eurofound (2017), BNP Paribas, Internal restructuring in France, factsheet number 91337, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91337.
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...
