Public policy and support for restructuring in SMEs
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Book
Author
European Foundation for the Improvement of Living and Working Conditions
Corporate name
European Foundation for the Improvement of Living and Working ConditionsDate
2013View/ Open
Subject headings
Public policies ; Enterprise restructuring ( ; Small and medium-sized enterprisesAbstract
Across Europe, restructuring in SMEs receives less public attention than large-scale restructuring. However, the recent
economic crisis has sharpened policy focus in this area. The current discussion centres around the anticipation of change
and individual forms of restructuring – particularly business expansion and internal restructuring – with the accent on
business rather than labour market issues. A wide range of supports for SMEs and their employees in restructuring is
available – either as part of the support provided for all restructurings, or specifically targeted at SMEs and their
employees. However, there is potential for improvement in terms of technical aspects (for example, the reduction of
bureaucracy, greater involvement of social partners and increasing transparency of available support) and contentrelated
features (such as provision of diagnostic tools, financial instruments and networking possibilities).