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.
GetJet Airlines, an aircraft leasing and chartering company, is to dismiss all 370 employees in Vilnius. Such information was provided by the Lithuanian Employment Service on 16 March 2020. The main cause of the dismissals is the quarantine regime in Lithuania and other countries. To control the spread of coronavirus (COVID-19), many countries declared quarantine as of mid-March 2020.
The company started its activity in 2016 with its headquarters in Vilnius. The company operated on behalf of international airlines such as LOT Polish Airlines, Finnair, TUIfly, Air Malta, Tunisair and others. The company also operated chartered flights for tour operators in the Baltic countries. The company serviced more than 170 airports in 50 countries worldwide.
Eurofound (2020), GetJet Airlines, Closure in Lithuania, factsheet number 100123, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100123.
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...
