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.
The Jananese carmakers, Nissan Motor, has announced a reorganisation to cut about 20,000 positions worldwide (15% of its global workforce). The restructuring plan is related to slumping sales amid the COVID-19 pandemic. However, the reorganisation had been in the making for several months. A plant located in Barcelone (Spain) should be closed. The group expect to cut mainly position in Europe and in some emerging economies as well as the realignment of output bases in Japan. This plan would be Nissan's most drastic job reduction since 1999, when the group, taken over by Renault, had cut 20,000 positions. Last year, Nissan announced 9,000 job cuts worldwide by 2023.
The global spread of the novel coronavirus has led to the suspension of Nissan's domestic and overseas plants, pressuring its sales in major markets such as North America and Europe. According to the company, Nissan's sales in the United States had dropped of 29.6 percent the first quarter 2020. In Europe, the drop reached 38.7% for the first four months of 2020 in comparison to the same period in 2019.
Eurofound (2020), Nissan, Internal restructuring in World, factsheet number 100739, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100739.
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...
