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.
Tallinna Linnatranspordi AS (TLT), an urban passenger transport company in Tallinn, the capital of Estonia, announced the need to find 125 new bus drivers as of February 2019. There are two companies who provide public bus transport service in Tallinn. The bigger company, TLT, has around 1,835 employees and covers 90% of the bus lines. The smaller company, MRP Linna Liinid OÜ (MRP), has around 120 employees and covers 10% of the bus lines in Tallinn. Due to financial difficulties, the MRP decided to end the contract with Tallinn as of February. The bus lines operated by them are taken over by TLT. TLT had then only two weeks to organise 50 buses and 125 employees to cover these lines. On 30 January it was announced that they the agreements for renting buses are being concluded, but there are still 30 buses missing by the start of February. It was also announced that most of the additional bus drivers have been employed by February, but the recruitment process is still ongoing.
Eurofound (2019), Tallinna Linnatranspordi AS, Business expansion in Estonia, factsheet number 96594, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96594.
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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