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 Airbus subsidiary, Premium Aerotec, will be cutting up to 1,100 jobs in Augsburg due to internal restructuring in the mid-term. According to the works council, management announced a new restructuring programme which includes the loss of more than 1,000 jobs (up to 1,100) until 2023. The union strongly opposes those plans and criticised Aerotec’s lack of vision. Management emphasised that the job reduction will be as socially acceptable as possible. Furthermore, management and works council will start discussions on how to make the Augsburg plant competitive for the future. Currently, Aerotec has 3,600 employees in Augsburg.
Eurofound (2019), Premium Aerotec, Internal restructuring in Germany, factsheet number 97596, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97596.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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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...
