Commission launches debate on corporate restructuring: what lessons from the crisis? Published on: 19/01/2012
The aim is to identify successful practices and policies in the field of restructuring and adapting to change. The results will feed into the upcoming employment package and should help to improve further cooperation between workers and employers' representatives, government, local and regional authorities and the EU institutions.
Restructuring is part of business life and one of the important ways of helping a company stay competitive. The economic and financial crisis has put an extra strain on business: from 2002 to 2010, over 11,000 cases of restructuring were recorded by the European Restructuring Monitor, with a ratio of almost two jobs lost for every one created (1.8:1). Between 2008/2010, this ratio has increased to 2.5:1. Many companies and their workers have developed innovative arrangements to limit job losses. Here, social partners have played a key role. These initiatives have varied from working hours, to more social dialogue, to adjustment measures or the intervention of public employment services. However, these may be less effective in a context of persistently weak demand.