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 27 January 2021, the US beauty company Coty will be closing its perfume factory in Cologne, which will result in the loss of 300 jobs by summer 2022. Coty intends to save up to €600 million with the closure and thus, the relocation of production to cheaper locations in Spain and France is inevitable. The factory in Cologne is Coty’s only site in Germany and has been manufacturing perfumes for Hugo Boss and Bruno Banani since 2003. The factory was previously owned by Procter and Gamble but was bought by Coty in 2016.
Information on a social plan are not yet available.
Eurofound (2021), Coty, Offshoring/Delocalisation in Germany, factsheet number 103485, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103485.
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...
