European Restructuring Monitor quarterly – Issue 1, spring 2006

During the first quarter of 2006, from 1 January to 31 March, the European Restructuring Monitor (ERM) recorded 513 cases of company restructuring across the 27 countries monitored: the former EU15, the 10 new Member States and two acceding countries, Bulgaria and Romania. Job losses totalling 133,638 were announced as a result of 310 of these restructuring cases. This represents an increase of 23 % in announced job losses compared to the previous quarter figure of 101,698 job losses, for a lower number of restructuring cases (215) recorded.

This issue includes: Overview; Country focus – spotlight on Bulgaria; Sector focus – spotlight on transport and storage; Company focus on ADIF and Volkswagen; Note on methodology.