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 US multinational General Electric Power, has announced a global restructuring of its energy business. This process will lead to the dismissal of 200 workers at its plant in Setúbal, Portugal, which manufactures boilers and 'smart' energy meters. The main reason is linked to the significant decrease in demand for thermoelectric power generation units.
Since 7 December 2017, the company has entered a consultation process with the unions. No timeline has yet been announced for the redundancies.
Eurofound (2017), General Electric, Internal restructuring in Portugal, factsheet number 93010, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93010.
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...
