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 pen and lighter manufacturer Bic has announced about 100 jobs cuts at its head office in Clichy (Haut-de-Seine). The job cuts will be implemented at the end of 2019. The group explains that its profitability deteriorated in 2018 in a difficult market environment. This reorganization was decided as part of a global transformation plan that includes approximately 450 job cuts worldwide (see ERM FS) and the creation of 400 new positions. Faced with more aggressive competition, the group's profitability deteriorated last year, with a 1.5 % in its operating margin to 18.1%. The French manufacturer currently has 13,600 employees worldwide, including 1,800 in France.
Eurofound (2019), BIC, Internal restructuring in France, factsheet number 97994, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97994.
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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