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.
In January 2017, the Portuguese electrical equipment manufacturer Efacec applied for the legal status of 'company under restructuring' specifically for the divisions Efacec Energy and Efacec Engineering and Systems. This is expected to lead to the redundancy of up to 409 workers out of a total 2,000 people employed by Efacec in Portugal. Between 2017 and 2019, the management is set to terminate employment contracts under mutual agreement with 291 people at Efacec Engineering and Systems and 118 people at Efacec Energy.
Eurofound (2017), Efacec, Internal restructuring in Portugal, factsheet number 91314, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91314.