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 has announced a reorganisation with about 13,000 job cuts worldwide from a total workforce of about 160,000 employees. Furthermore, Boeing expects several thousand additional jobs may be eliminated in the next few months. The job losses confirmed include 6,670 involuntary cuts and 5,520 voluntary redundancies in the US (12,290 job cuts in total) mainly in the Seattle area. Boeing said additional job cuts will be made in international locations, but it did not specify numbers for all countries. Boeing has announced 400 reductions at its factory in Winnipeg (Canada) and another 230 near Melbourne (Australia). Job cuts are also expected in the UK where Boeing has 2,500 employees.
Eurofound (2020), Boeing, Internal restructuring in World, factsheet number 100769, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100769.
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...
