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 automotive supplier Mann+Hummel will be cutting up to 300 jobs in Germany due to internal restructuring in 2019. The job reduction is part of a worldwide restructuring programme with the goal to save €60 million in order to be competitive in the long-term. This will include the loss of 1,200 jobs worldwide. According to the management, production is not affected. Management and works council have just started negotiations on a social plan and are confident to find a solution soon. Currently, Mann+Hummel has 20,000 employees worldwide.
Eurofound (2019), Mann+Hummel, Internal restructuring in Germany, factsheet number 97595, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97595.
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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