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.
Snaige, a Lithuanian company producing refrigerators and freezers, intends to dismiss 70 employees in Alytus by the end of 2019. Currently the company employs 546 employees. The main cause of the dismissals is an internal restructuring of the company. Snaige is seeking to optimise production and the number of management staff since the production volumes have declined by 6% as compared to last year. One of the main reasons for such a decline was the financial difficulties of a large French customer.
Eurofound (2019), Snaige, Internal restructuring in Lithuania, factsheet number 98630, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98630.
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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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...
