Monitoring and managing restructuring in the 21st century
The 2013 annual report from the European Restructuring Monitor (ERM) presents a retrospective of over a decade of measuring the impact of large-scale restructuring activity in Europe.
It summarises restructuring trends based on a restructuring database that includes details of over 16,000 large-scale restructuring events – each generally involving at least 100 job losses or gains.
In particular, the report focuses on comparing activity in the pre-crisis period (2003–2008) with the post-crisis period (2008–2013) in order to identify changes in the prevalence of different restructuring practices, and to show which sectors have been disproportionately affected, in employment terms, by the global recession.
The report also includes a critical assessment of all ERM activities including the two newer policy-oriented databases: public support instruments and restructuring legislation.
Finally, the report places the spotlight on the phenomenon of offshoring, charting the decline in offshoring activity by European firms since the onset of the crisis.