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.
Swedish paper manufacturer SCA has started co-operation negotiations in order to phase out the production of printing paper at the Ortviken production site. As a result of this, 800 employees working at the production site risk losing their jobs by the end of February 2021.
According to SCA, the closure is needed since demand for production of printing paper has steadily decreased during the past years and now the COVID-19 has created a more sudden drop in demand.
The company plans to use the production site in Ortviken for production of pulp for hygiene and packaging paper. SCA will invest approximately SEK 1,5 billion (€150 million) to transform the production site and the planned start for pulp production is 2023. The production site will employ approximately 100 workers. The local shop steward argues that although they were aware of the need to reduce capacity, SCA’s plan to close the entire production site came as a surprise.
Eurofound (2020), SCA, Closure in Sweden, factsheet number 101559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101559.
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...
