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.
Danspin, the Danish-capital company producing woolen and synthetic yarns for carpet weaving, is to dismiss 106 employees in Raseiniai. Such information was provided by the Lithuanian Employment Service. The main cause of dismissals is a decrease in the number of orders due to the COVID-19 pandemic. Currently the company employs 340 employees (in February 2020, the number of employees was 440). After the dismissals, the number of employees will further decrease (from 340 to 234).
Earlier this year, the Lithuanian Clothing and Textile Association forecasted that about a third of textile companies may go bankrupt due to COVID-19 pandemic, and about a quarter of the 28,000 people working in the sector may lose their jobs.
Eurofound (2020), Danspin, Internal restructuring in Lithuania, factsheet number 101238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101238.
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...
