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.
DACO-CZ, a leading manufacturer of pneumatic, electromechanical and hydraulic brake systems for railway rolling stock, has launched the production of wagons in the city of Louny where it plans to recruit 100 new employees by the end of 2019. The production takes place on the premises of the Heavy Machinery Services (HMS) group that went bankrupt in June 2019. By the end of the year, DACO-CZ plans to have more than 100 rail vehicles manufactured and developed for customers from Germany, France, Italy and Switzerland.
DAKO-CZ currently employs some 70 people at the Louny site working on repairs of wagons. According to the company, the demand for repair and maintenance of rail wagons is high.
Eurofound (2019), DACO-CZ, Business expansion in Czechia, factsheet number 98606, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98606.
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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