Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Betonika, one of the largest manufacturers of prefabricated concrete elements in Europe, is to dismiss 140 employees in Kaunas. On 15 January 2020, the company announced that it was closing its factory in Kaunas. The main causes of the closure were low demand for the company‘s production and high operating costs. It was decided to concentrate production in another factory in Trakai. However, the company did not mention the number of employees affected.
On 6 March 2020, it was reported by the Lithuanian Employment Service that Betonika will lay off 140 employees. Currently the company employs 167 employees in Kaunas. The company did not mention if the remainder 27 employees will be dismissed at a later stage or will be transferred to another factory in Trakai. The company owned two factories in Lithuania, one in Vilnius and the other in Trakai.
The Consolis group is one of the leading industrial groups providing precast concrete structures for the transportation, utilities and building sectors. It has more than 11,000 employees in 21 countries.
Eurofound (2020), Betonika, Closure in Lithuania, factsheet number 100083, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100083.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
