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 mechanical engineering company Kuka will be cutting 350 jobs due to internal restructuring until 2021. After Kuka had to reduce its sales forecast for 2018 two times, the job reduction comes as part of a new savings programme intending to spare €300 million until 2021. The current interim CEO is confident that cuts will be similar to previous job reduction programmes, handled in a socially acceptable way. Kuka’s home location in Augsburg will mainly be affected by the job reduction. Currently, the company has approximately 4,000 employees in Augsburg.
Eurofound (2019), Kuka, Internal restructuring in Germany, factsheet number 97563, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97563.
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...
