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 children's clothing company Kidiliz Group, formerly Groupe Zannier, has announced that it will close down its activities by the end of 2020. As a result, 2,103 jobs will be cut worldwide, including between 900 and 1,000 positions in France. The activity is being acquired by seven different buyers who will save 497 of 2,600 jobs worldwide.
Groupe Zannier was founded in 1962 and in 2016 it became Kidiliz. In 2018, it was taken over by the Chinese group Zhejiang Semir Garment and was placed in liquidation in September 2020, also due to the drop in activity suffered during the COVID-19 crisis. Kidiliz Group employs about 2,600 people worldwide, including 1,500 in France. The company has a portfolio of 15 brands, including Catimini, Z, Absorba, Chipie and Lili Gaufrette.
Eurofound (2020), Kidiliz Group, Bankruptcy in World, factsheet number 102960, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102960.
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...
