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.
Wind turbines manufacturing company Vestas announced its plans to downsize its operations in the site of Lauchhammer. The restructuring event derives from market changes, which determine the closure of the production lines for the V136 wind turbines. According to reports, the decision is expected to affect 330 agency employees and 170 employees in satellite activities.
The site in Lauchhammer produces rotor blades for wind turbines. Overall, the company manages two sites in Germany (Lauchhammer and Travemünde), which together have a workforce of 5,370 employees.
Eurofound (2019), Vestas Wind Systems, Internal restructuring in Germany, factsheet number 98762, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98762.
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...
