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.
On 8 October, beverage manufacturer Coca-Cola announced it would cut 485 jobs in Germany. Affected are its sites in Bad Neuenahr (Rhineland-Palatine), Sulzbach (Bavaria) und Liederbach (Hesse). The company has decided to change its business plans regards the mineral water Apollinaris. Whilst the mineral water is currently still available in supermarkets, it will only be produced for consumption in hotels and restaurants in the future. Consequently, Apollinaris' production sites will be shut down or sold by March 2021. Coca-Cola announced that it will start negotiating with works' councils as soon as possible. The company wants to offer affected employees severance payments and, if possible, job transfers to other sites. The union NGG has already announced it will fight the job reduction scheme.
Alongside with the job reduction scheme, the company also announced to create some 120 new jobs. Further news on the job creation is not yet available.
Coca-Cola currently employs 7,500 people at 29 locations in Germany.
Eurofound (2020), Coca-Cola, Closure in Germany, factsheet number 102042, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102042.
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...
