European Restructuring Monitor (ERM)
Eurofound's ERM database on restructuring-related legal regulations provides information on regulations in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change.
Article 34.2 (d) of the Social Insurance Law, 2010 (Law 59(I)/2010)
An unemployed person, who rejects or omits without a justifiable reason to undertake vocational training on the instruction of the Director of the Social Insurance Services may be deprived of his/her right to receive unemployment benefit for a period of up to six weeks.
This provision of the Social Insurance Law gives the right to the director of the Social Insurance Services to offer to unemployed persons training programmes. The unemployment benefit is then payable to the unemployed as training benefit. This provision of the law was massively used during the economic and financial crisis, in particular during the "dead season" of the tourism sector in the winter 2013-2014.
No legislation nor collective agreement obliging workers in employment to participate in training offered by the employer could be identified.
Eurofound (2015), Cyprus: Employees obligation to undertake training, Restructuring legislation database, Dublin, https://apps.eurofound.europa.eu/legislationdb/employees-obligation-to-undertake-training/cyprus
Between the end of 2022 and the first half of 2023, almost 300,000 employees working for ‘big tech’ companies were laid off across the world, making headlines for months in global media. This development has been a shock, considering the high numbers of jobs in well-known tech corporations with a reputation for offering good working conditions and well-paid positions.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions. Many banks in the sector have been undergoing serial restructuring since the global financial crisis, and it is one of the few service sectors with stagnant or declining employment.
Since 2011, the Restructuring support instruments database of the EU PolicyWatch has been collecting information on measures that assist companies and workers to anticipate and manage restructuring. This article looks at measures in the database aimed at supporting employees and employers during the COVID-19 pandemic (2020–2022).
Eurofound’s European Restructuring Monitor database reveals the impact of the energy crisis on employment in the EU. Following Russia’s invasion of Ukraine in February 2022, energy prices have hit record highs. The European Commission imposed sanctions and limitations on the import of oil and gas from Russia, which has reacted by reneging on supply commitments to many Member States.
