Press Release: Rise in restructuring activity in EU in first quarter

The first issue for 2012 of the European Restructuring Monitor (ERM) quarterly, published by the European Foundation for the Improvement of Living and Working Conditions (Eurofound) in April 2012, revealed that, for every three jobs lost in the European Union in large-scale restructurings, two new ones were created during the first quarter of 2012. A fresh focus on the essentials of economic activity revealed a weakening EU economy with an increasing likelihood that the Union was already in a double-dip recession.