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.
Castleford based furniture maker YTM group has entered administration which has resulted in the cessation of trading and the immediate loss of all 117 jobs. The business which operated in Castleford and Pontefract had been established in 1981 and made furniture for the care, education and hotel sectors. According to reports, the closure can be attributed to the high level of competition within the sector and the fact that the company lost a major contract in December 2018. Administrators commented that selling the business as an ongoing concern was not a viable option due to the state of the finances at the time of their appointment.
Eurofound (2019), YTM Group, Bankruptcy in United Kingdom, factsheet number 97354, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97354.
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...
