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 Tuesday 26 September the Finnish engineering and service company Kone announced a plan to cut 1,000 jobs worldwide over the next three years. The internal restructuring is due to the fall in demand from the Chinese market, where Kone generates a third of its sales. The job cuts will allow the company to save around €100 million annually by 2020.
The company employs around 52,000 workers worlwide and it 'is the fourth largest manufacturer of elevators and escalators in the world'.
Eurofound (2017), Kone Corporation, Internal restructuring in World, factsheet number 92557, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92557.
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...
