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.
As announced on 19 May 2020, the US chain Foot Locker has decided to shut down its subsidiary Runners Point, which will result in the loss of approximately 700 jobs in Germany. Foot Locker did not mention specific reasons for Runners Point's closure. According to a spokesperson, the decision comes after an evaluation of the business performance in Germany within the last 12 months. The closure will affect all 73 stores and approximately 700 employees.
There is no information on a timeframe available, however, a lawyer for the works council expects that operations will be seized as soon as possible. Negotiations regarding a social plan will start shortly.
Eurofound (2020), Runners Point, Closure in Germany, factsheet number 101193, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101193.
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...
