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 Wizink bank specialised in credit cards has announced a collective layoff plan affecting 144 employees out of a total of 1,520 in Spain. This decision is due to the problems derived from COVID-19 and the consequent drop in credit consumption, but also due to the economic consequences of a Supreme Court ruling on the interest rate linked to revolving cards. Thus, the company has set aside €142 million of its budget for court cases. In any case, the income balance account was positive last year (2% incomes increase and 13% cost reduction) and the bank is looking at widening its commercial offer to include services other than credit cards.
Eurofound (2020), Wizink, Internal restructuring in Spain, factsheet number 101076, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101076.
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...
