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 August 18th, windmill producer Siemens Gamesa Renewable Energy announced plans to cut 740 jobs in Denmark and in the US. 600 jobs will be lost at the Aalborg factory in Denmark and the restructuring will affect further 130 employees who will be relocated elsewhere. The cuts will also affect the Kansas's factory (US) where 140 jobs will be eliminate. The company anticipated the job reduction to start on 30 September 2017. The internal restructuring will reduce costs and increase the competitiveness of the company.
Eurofound (2017), Siemens Gamesa, Internal restructuring in World, factsheet number 91938, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91938.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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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...
