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 German chain of beauty stores Douglas has announced the closure of 97 shops and the conversion of another six in Spain, involving the collective dismissal of a maximum of 600 workers. The restructuring is part of a European reorganisation plan that also involves the centralisation of the management of the Southern Europe area's market operations.
According to the company, the reorganisation of its stores comes as part of its digitalisation process and responds to changing consumer habits driven by the growth of e-commerce, which accelerated during the COVID-19 pandemic.
The CCOO union recognises that the digitalisation process is necessary to adapt to market circumstances, but it claims that workforce adjustment is not necessary and calls for solutions to protect employment. The company and trade unions are currently negotiating the terms of the collective redundancy plan. The workers' representation is composed of members of the trade unions CCOO, USO, UGT and FETICO. This collective layoff plan comes after the restructuring process in 2018.
Eurofound (2021), Douglas, Closure in Spain, factsheet number 103611, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103611.
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...
