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 US aircraft manufacturer GE Aviation, a division of General Electric, has announced 13,000 job cuts from a total workforce of 52,000 employees located in 19 countries worldwide. This announcement includes the 10% cut to GE US aviation workforce announced in March which represents about 2,600 job cuts. GE Aviation has started to consult its workforce at its Nantgarw site, near Caerphilly (UK) where 1,400 people are employed. The plant, as others at GE, suffers from the drop of numbers in air travel during the COVID-19 crisis. The job cuts will first result in voluntary departures. The possible 13,000 job cuts comes shortly after GE Aviation revealed profits had fallen roughly 40% in the three months to March.
Eurofound (2020), GE Aviation, Internal restructuring in World, factsheet number 100747, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100747.
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...
