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.
As announced on 16 October 2020, the French automotive supplier Valeo will be cutting 150 jobs at its plant in Friedrichsdorf due to internal restructuring. The step comes as a bit of a surprise because Valeo had previously announced that it will not be cutting any jobs on its home market in France. Nevertheless, Valeo – like other automotive suppliers has been hit hard by the COVID-19 crisis and is facing losses of €1.2 billion for the first half of 2020.
As of today, there is only little information on the job reduction available, however, negotiations between management, trade union and works council will start shortly, after which there will be more clarity on further proceedings.
Valeo has 600 employees in Friedrichsdorf and 8,000 employees in total at eight sites in Germany.
Eurofound (2020), Valeo, Internal restructuring in Germany, factsheet number 102192, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102192.
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...
