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 pharmaceutical company Novartis announced an investment plan of €200 millions in research and development activities in the next three years, and the hiring of 100 workers under 30 years of age in 2019. They will be selected through artificial intelligence systems which can identify requested profiles (particularly graduates in scientific disciplines) on social networks.
In 2017, the company employed 2,296 workers in Italy, 240 of which in research and development activities. Novartis' Italian headquarters are located in Origgio (Lombardy), and the company has two production seats in Rovereto and Torre Annunziata.
Eurofound (2018), Novartis, Business expansion in Italy, factsheet number 95944, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95944.
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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