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 CIECH Group, the second largest producer of sodium carbonate in Europe and the largest Polish manufacturer of plant protection products (PPPs) and salt, has announced plans to close its plant in Govora (Valcea County) by the end of 2020. The scheme for collective redundancies was outlined in late March and almost 500 employees will voluntarily depart.
CIECH Soda, the Romanian subsidiary of the group, announced that amid economic uncertainties created by the COVID-19 pandemic and due to unsuccessful negotiations on the resumption of industrial steam supplies to the plant, it had to complete the voluntary departure programme on 1 April. The company announced that of 600 employees, 100 employees responsible for the production of sodium silicates, as well as for maintenance of the production plant would be kept.
The Govora plant was taken over by the Polish Group in 2006.
The CIECH Group, founded in Lodz in 1945, is one of the biggest companies in the chemical industry at European level.
The group has eight plants in Poland, Romania and Germany, with a workforce of 3,700.
Eurofound (2020), CIECH Soda Romania, Closure in Romania, factsheet number 101066, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101066.
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...
