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.
Outokumpu, a Finnish Steel production company, has completed collective bargaining negotiations and will dismiss 170 employees in Sweden. The job cuts are a result of the negotiations announced in November 2020 during which 190 planned job losses where announced in Sweden. The company's units in Avesta, Degerfors and Nyby are affected by the job cuts.
In addition to the job cuts in Sweden, the company announced that it will dismiss 480 employees in Finland and Germany. The job cuts are a part of a larger restructuring programme, which intends to cut 1,000 jobs worldwide by the end of 2021. According to the company, high import pressure and the impact of the COVID-19 pandemic on the global economy have forced the company to reduce fixed costs, of which personnel expenses are a significant part.
Outokumpu is a global company whose head office is located in Finland. Outokumpu currently has 10,000 employees worldwide.
Eurofound (2020), Outokumpu , Internal restructuring in Sweden, factsheet number 102955, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102955.
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...
