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.
The ACS group, the Spanish multinational of the construction and infrastructure development industry, has announced a collective redundancies plan affecting 207 employees of Intecsa Ingeniería Industrial (a subsidiary company for the execution of projects for the hydrocarbon production and process industry) and 53 in Initec Energía (a subsidiary of engineering projects).
ACS and unions (CCOO and UGT) have started negotiations on the terms of the restructuring plan. The operation coincides with the sale of part of ACS's industrial business to the French company Vinci for €5,200 million. The unions foresee that other industrial subsidiaries of the group will be affected before the sale: Ragados Offshore, Cymi, Maessa, Maetel, Imasapi, Etra or Semi, among others. The company has not commented on the reasons for the dismissals. The deadline for negotiations ends on December 23. If an agreement is not reached, the Superior Court of Justice of Madrid must resolve the conflict.
Eurofound (2020), Intecsa Ingeniería Industrial, Merger/Acquisition in Spain, factsheet number 102899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102899.
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...
