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 Hamburg Commercial Bank, the former state bank of the states of Hamburg and Schleswig-Holstine, privatised in 2018, announced a jobs cut programme. Major jobs cutting plans were announced by the end of 2018 as part of an ongoing restructuring process but numbers were not confirmed. From 30 June 2019 to the end of 2022 the number of positions (in full time equivalents) shall decrease from 1,630 positions to 950 in Hamburg and Kiel. In Kiel, the former financial institutions will be completely restructured to serve as an IT and service point. Out of the current 500 positions, 200 will remain.
Eurofound (2019), Hamburg Commercial Bank (HCOM), Internal restructuring in Germany, factsheet number 98448, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98448.
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...
