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 31 March 2021, the German consumer goods retailer MediaMarktSaturn, owned by German holding company Ceconomy, will be closing 13 of its 419 shops which will result in the loss of 1,000 jobs in Germany until September 2022. According to the management, the e-commerce part of the company’s sales doubled in 2020 due to the pandemic, making changes to the company necessary. As of today, it is unclear which shops will be closed, nor are information on a social plan available.
The restructuring programme in Germany is part of a Europe-wide restructuring programme including the reduction of 3,500 of 45,000 jobs announced in August 2020.
Eurofound (2021), MediaMarktSaturn, Closure in Germany, factsheet number 104578, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104578.
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...
