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 German department store chain Galeria Kaufhof announced it will cut 400 of 1,600 jobs at its headquarter in Cologne by 2020 due to internal restructuring. Kaufhof has been posting losses in the last years and is trying to enhance its competitiveness in the market. To that end, Kaufhof aims to reduce its personnel costs, which are far above the international average. The company plans to avoid operational terminations and hopes to achieve the job reduction measurement by natural fluctuation and early-retirement programmes.
Eurofound (2018), Galeria Kaufhof, Internal restructuring in Germany, factsheet number 93263, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93263.
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...
