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 supermarket chain Tesco announced its plans to implement a collective dismissal programme which will cause over 1,200 redundancies in Warsaw and Kraków and shops across Poland within the next 12 months. The company has started a restructuring programme which will affect administrative division (the offices will be closed and replaced by smaller regional units) and selected stores. Additionally, logistics operations at two logistics centres will be reduced. The programme is implemented due to the integration of the Tesco Polska chain with its new owner, Netto Polska, a subsidiary of Salling Group. The conditions of the redundancy programme will be negotiated with the local trade unions.
On 12 March 2021, the Office of Competition and Consumer Protection issued an approval for the acquisition of 301 shops and 2 distribution centres by Salling Group.
Operating in Poland since 1992, the company has over 300 stores across the country. In 2019 and 2020, the company already announced seven other restructuring programmes: January 2019 (1,300 jobs cut), June 2019 (1,480 jobs cut), August 2019 (2,154 jobs cut), September 2019 (2,117 jobs cut) November 2019 (224 jobs cut), February 2020 (380 jobs cut), June 2020 (200 jobs cut) and September 2020 (899 jobs cut).
Eurofound (2021), Tesco, Merger/Acquisition in Poland, factsheet number 104043, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104043.
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...
