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.
German consumer electronics retailer Media-Saturn Holding has announced that it will cut over 1,000 jobs in Germany and Belgium by September 2021. In Germany, 13 large-format stores under the Media Markt and Saturn brands are to be closed and about 1,000 jobs cut, while 27 positions are to be affected in Belgium, but no Belgian stores are expected to be closed. The cost-saving and restructuring programme is related to the COVID-19 pandemic, as sales in physical stores have decreased while e-commerce has grown. The holding plans to simplify the organisational structure and centralise some local branches.
In August 2020, the company announced that about 3,500 jobs in Europe would be at risk; however, it is not clear if the currently announced dismissals are included in the number.
Media-Saturn Holding belongs to Ceconomy, the largest European consumer electronics retailer. The chain Media Markt, with over 1,000 stores, operates in 14 European countries.
Eurofound (2021), Media-Saturn Holding, Closure in European Union, factsheet number 104591, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104591.
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...
