Restructuring in SMEs in Europe

Report
Updated
18 August 2013
Published
17 July 2013
Formats
  • Download full reportPDF
Authors: 
Mandl, Irene

Abstract

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. Most of the policy focus so far, however, has been on restructuring in terms of the large firm. In light of the relative importance of the small and medium-sized company (SME) – constituting over 99% of European businesses and about 66% of private sector employment – policymakers at all levels need to understand the specific challenges facing the smaller firm in order to provide appropriate support for this backbone of the European economy. Based on information derived from 85 case studies across all EU Member States and other sources, the report outlines the features peculiar to SMEs in their anticipation and management of restructuring, 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. An executive summary is available - see Related content.

Read more on the project. See also the Restructuring in SMEs database.

  • Full report

    Number of Pages: 
    108
    Reference No: 
    ef1247
    ISBN: 
    978-92-897-1118-0
    Catalogue: 
    TJ-02-13-215-EN-C
    DOI: 
    10.2806/37395
    Catalogue info

    Restructuring in SMEs in Europe

    Authors: 
    Mandl, Irene

    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. Most of the policy focus so far, however, has been on restructuring in terms of the large firm. In light of the relative importance of the small and medium-sized company (SME) – constituting over 99% of European businesses and about 66% of private sector employment – policymakers at all levels need to understand the specific challenges facing the smaller firm in order to provide appropriate support for this backbone of the European economy. Based on information derived from 85 case studies across all EU Member States and other sources, the report outlines the features peculiar to SMEs in their anticipation and management of restructuring, 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.

  • Executive summary

    Number of pages: 
    2
    Reference No: 
    ef12471
    Catalogue info

    Ir-ristrutturar fl-SMEs fl-Ewropa

    Authors: 
    Eurofound
    Ir-ristrutturar huwa parti integrali mit-tessut ekonomiku fl-Ewropa, għax il-kumpaniji jeħtiġilhom jadattaw għal kundizzjonijiet ġodda bil-għan li jibqgħu sostenibbli u kompetittivi. Ħafna mill-importanza fil-politika sal-lum ingħatat lir-ristrutturar f’termini tal-kumpaniji l-kbar. Fid-dawl tal-importanza relattiva tal-kumpaniji żgħar jew ta’ daqs medju (SMEs) – li jikkostitwixxu iktar minn 99% tan-negozji Ewropej u madwar 66% tal-impjiegi fis-settur privat – dawk li jfasslu l-politika fil-livelli kollha jeħtiġilhom jifhmu l-isfidi speċifiċi li jkollha tiffaċċja ażjenda żgħira biex ikunu jistgħu jipprovdu għajnuna xierqa lil din is-sinsla tal-ekonomija Ewropea. Imsejjes fuq informazzjoni miġbura minn 85 każ ta’ studju mill-Istati Membri kollha tal-UE u sorsi oħra, ir-rapport jindika l-karatteristiċi partikulari tal-SMEs fl-antiċipazzjoni tagħhom tar-ristrutturar u l-ġestjoni tiegħu, jesplora l-ixpruni ewlenin tal-bidla u janalizza l-fatturi li jinfluwenzaw ir-ristrutturar b’suċċess. Huwa joffri veduta wiesgħa u komparattiva ta’ kif ir-ristrutturar iħalli impatt fuq il-ħaddiema u fuq il-kumpanija nnifisha u jagħti bosta indikaturi ta’ politika għal azzjoni futura.



    Niżżel il-PDF: MT (pdf 42.23 Kb)
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