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 Croatia dairy company Meggle Croatia announced that it will phase out its production facility in Osijek by the end of 2020, laying off 160 workers. The restructuring is due lasting business challenges and a series of crises that impacted company's operations - aflatoxins, problems with the Agrokor conglomerate and finally the coronavirus. According to a statement by the Commercial Trade Union of Croatia, this is an unexpected decision.
During the restructuring process, the employer will ensure quality severance packages and social dialogue with workers and relevant bodies. The company explained that over the past 15 years the group had made investments worth HRK 130 million (€17,3 million) in Croatia.
Meggle Croatia is the third-largest dairy company in Croatia.
Update 19/10/2020: The Croatian milk and dairy company Meggle has reached an agreement with the conglomerate Fortenova for its business operations to be acquired by Belje from January 2021 when its production will also restart. The takeover plan envisages the continuation of the relationship with the 282 milk and dairy company's subcontractors and will include the retention of 70% of its workforce of 160 persons. The rest of the employees (48) will be made redundant, while the total cost will reach around HRK 8 million (€ 1.08 million). Trade unions are satisfied because severance payment for these workers is around 25% higher that stipulated by the Labour Act. After the takeover, Meggle is planning to continue to develop its production in Croatia.
*Update 24/12/2020: The Croatian Agency for Protection of Market Competition (AZTN) has issued its permission to Fortenova Group's company Belje Plus to continue with its planned takeover and concentration of the milk and dairy producer Meggle from Osijek. As a result, production in Belje is expected to start sometime in 2021 and will create around 100 new jobs. In accordance with the agreement Belje Plus will acquire Meggle's production in Osijek and its assets.
Eurofound (2020), Meggle, Closure in Croatia, factsheet number 101247, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101247.
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...
