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 company Altifort Innovatech, specialised in the manufacture of separators for the food industry, has been liquidated and its 101 employees will be made redundant in September. No buyer has come forward to take over Altifort Innovatech (ex-GEA), located in Château-Thierry (Aisne).
The day after the announcement, the employees have organised a general meeting, decided to block shipments and gathered at the entrance to the site. They demanded a meeting with their former owner, the German multinational GEA. They believe that they have been deceived by GEA and are demanding the same departure conditions that the employees obtained when Altifort was taken in 2018. The employees have received the support of many elected officials in the region. The president of the Hauts-de-France region, also assured the staff representatives of his support by telephone and promised them that he would intervene directly with the Minister of the Economy to organise a round table discussion.
Eurofound (2020), Altifort Innovatech, Bankruptcy in France, factsheet number 101318, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101318.
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...
