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 online accommodation booking platform Booking.com has announced that a quarter of its staff will be cut due to the COVID-19 pandemic. Between 4,000 and 5,000 employees out of a total workforce of 17,500 worldwide will lose their jobs. Details of affected jobs and countries will be announced 'in the coming weeks and months. In the European Union, job cuts are already certain at the group's headquarters in Amsterdam. The COVID-19 crisis has devastated the travel industry, and we continue to feel the impact with travel volumes remaining significantly reduced,' Booking.com said in a press release. Booking.com is following the announced reorganisations of other online platforms such as Airbnb and TripAdvisor, which have also announced plans to lay off approximately 25% of their workforce.
Eurofound (2020), Booking.com, Internal restructuring in World, factsheet number 101421, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101421.
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...
