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.
Generali, an Italian insurance company which owns the Portuguese firms Tranquilidade, Acoreana and Logo, has announced a redundancy process that will affect 10% of its workforce. This process will occour in two phases: a voluntary redundancies stage ending 10 November 2020, and a stage in which the company will instate a compulsory redundancies programme. The company justify the decision in order to eliminate the duplication of jobs resulting from the merger process resulting from the acquisition of Seguradoras Unidas.
Generali informs that the implementation model adopted maximises the social protection of the workers, specifically in the access to unemployment benefits. Those who are covered by the dismissal process will have access to health protection, maintenance of favorable conditions in personal insurance and the access to outplacement services to support reintegration into the labour market or, depending on the circumstances, in scheduling the transition to an active retirement situation.
At present, the company's workforce is 1,200 workers.
Eurofound (2020), Generali Seguros, Merger/Acquisition in Portugal, factsheet number 102417, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102417.
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...
