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 aeronautical equipment manufacturer Safran has been hit hard by the crisis in the aviation sector linked to COVID-19 and has announced job cuts across the world. The group announced 3,000 job cuts in Mexico in May 2020. It cuts 250 temporary staff positions in France and announced job cuts in Europe at a European works council meeting on 2 June. According to the EWC secretary, between 200 and 300 jobs would be cut in Poland, and at least 62 job cuts were announced in the UK, where further job cuts are expected. Employment in France is still being preserved with massive recourse to short-time working.
As the company's strategy is to focus on the national level, announcements will be made as workforce adjustment plans are developed in each country.
In 2016, the group has announced 5,500 recruitments worldwide.
Eurofound (2020), Safran, Internal restructuring in World, factsheet number 100811, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100811.
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...
