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.
Faced with a drop in business of more than 40% since the beginning of the year, the aeronautical equipment manufacturer Latécoère announced a restructuring plan that would result in 475 job cuts in France, out of 1,504. That is to say approximately 30 % of its workforce in France. However, none of its nine sites in France will be closed. Management promises to use all possible means to reduce the number of job cuts as far as possible.
The distribution of job cuts envisaged between the different sites is not yet known. Negotiations with employee representatives, which will begin at the end of September/beginning of October, are expected to take several months. The only details at this stage are that the employment safeguard plan (PSE) presented provides for 345 job cuts out of 827 in the aerostructure sector, and 130 job cuts out of 677 in the interconnection-cables sector, according to the CFE-CGC union, which considers these figures to be 'disproportionate'. In addition, the Labège site, near Toulouse, will retain only an administrative activity. A long-term short-time working scheme ('activité partielle de longue durée - APLD') will also be submitted to the unions.
Two previous reorganisations were recorded in 2016 with 160 job cuts and in 2008 with 500 job cuts.
Eurofound (2020), Latecoere, Internal restructuring in France, factsheet number 101897, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101897.
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...
