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

    Reestruturação das PME na Europa

    Authors: 
    Eurofound
    A reestruturação é parte integrante do tecido económico na Europa, na medida em que as empresas são confrontadas com a necessidade de se adaptarem a condições diferentes, num esforço para se manterem sustentáveis e competitivas. Até à data, a maioria das medidas políticas tem incidido sobre a reestruturação em termos da grande empresa. À luz da relativa importância das pequenas e médias empresas (PME) - que constituem mais de 99% das empresas europeias e respondem por cerca de 66% do emprego no sector privado - os responsáveis políticos, nas várias esferas de decisão, precisam de compreender os desafios específicos que se colocam às empresas mais pequenas, por forma a prestar o apoio adequado a este pilar da economia europeia. Com base em informações retiradas de 85 estudos de caso realizados em todos os Estados-Membros da UE e de outras fontes, o relatório descreve as especificidades das PME em matéria de antecipação e gestão da reestruturação, estuda os principais motores de mudança e analisa os fatores que contribuem para o êxito de uma reestruturação. Oferece uma visão alargada e comparativa dos efeitos da reestruturação nos trabalhadores e na própria empresa e propõe vários indicadores para políticas tendo em vista uma ação futura.



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