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.
In response to increasing demand, the luxury goods manufacturer, Hermes has announced its plans to recruit, from now to 2020, 500 employees for two new production sites. Hermes has decided to extend its site of Montereau-Fault-Yonne (Seine-et-Marne) and to create a new site in Saint-Vincent-de-Paul (Gironde). Each site will employ about 250 workers, mainly crafters for its leather goods activities. The company is trying to respond to a increase in demand for high-end goods by training leather workers and adding new sites. The company already expanded its production capabilities earlier this year in France.
Jobs creation announcements were recorded in May 2017 (250 job creations), and also back in 2011 (600 job creations). The company employs about 8,000 people in France and 13,000 worldwide.
Eurofound (2017), Hermès, Business expansion in France, factsheet number 92407, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92407.
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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