Restructurings in SMEs

Restructuring is part and parcel of the economic fabric in Europe, as companies must adapt to altered conditions in a bid to remain sustainable and competitive. Small and medium-sized companies (SMEs) constitute over 99% of European businesses and about 66% of private sector employment, so policymakers at all levels need to understand the specific challenges facing them to provide appropriate support for this backbone of the European economy. Eurofound’s report Restructuring in SMEs in Europe outlines the features peculiar to SMEs in their anticipation and management of restructuring. It also explores the main drivers of change and analyses the factors influencing successful restructuring. It offers a wide-ranging, comparative view of how restructuring impacts on workers and the company itself and puts forward several policy pointers for future action. The report draws on 85 company case studies which are available in this database. An overview of the restructuring in SMEs project is available.

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