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.
Okin BPS, a digital technology solutions provider, will lay off 505 employees in Ostrava due to the cancellation of a contract for IT outsourcing with US telecommunications company Verizon that decided to move services to Asia. Verizon is reportedly moving the outsourcing out of Europe entirely.The company's statutory director Michal Jelínek stated that 206 employees would terminate their employment on 31 August, and another 299 people would leave the company by the end of February 2021. The company currently employs around 1,200 people.Okin BPS is a provider of services for companies such as sales network support, creation of technical solutions and provision of technical support and multilingual customer support.
Eurofound (2020), Okin BPS, Offshoring/Delocalisation in Czechia, factsheet number 101229, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101229.
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...
