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 low-cost airline company Ryanair plans to cut up to 351 positions in Spain, which will affect mainly crew members, but also pilots. The restructuring programme that intends to shed up to 3,000 jobs across Europe was announced to workers representatives; the decision is motivated by the impact of the COVID-19 crisis over the airline sector. The measure will be implemented together with cut of salary bonuses and salary reductions between 10% and 20% for at least 2 years, although the company is about to maintain these measures until 2025.
The entire workforce of the airline company in Spain is currently affected by a temporary lay-off plan. The company expects to recover to 40% of its pre-crisis activity in July 2020.
The unions have rejected the measure, demanding to be informed of the financial situation of the company and requesting employment protection measures.
This announcement comes after the National Court cancelled in April the collective dismissal of the 224 Ryanair workers at their bases in the Canary Islands.
Eurofound (2020), Ryanair, Internal restructuring in Spain, factsheet number 100742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100742.
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...
