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.
Following the cessation of Sareb’s activities, the Spanish Government has confirmed the collective dismissal of 247 employees. Sareb (Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria), often referred to as Spain’s “bad bank”, was created in 2012 during the financial crisis to acquire and manage distressed property assets and real estate loans transferred from rescued Spanish banks. Its role was to gradually dispose of these assets and stabilise the banking system.
Trade unions have challenged the decision before the courts. Trade Unions accuse the Government of opting for redundancies to reduce labour costs while simultaneously recruiting and training new staff to perform similar functions within a new created Institutions called Casa 47. The dispute takes place against the backdrop of Spain’s housing crisis and the broader reorganisation of the state’s public housing policy.
Eurofound (2026), Sareb, Closure in Spain, factsheet number 301186, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/301186.
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Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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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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