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.
Kärcher, a German family-owned company that operates worldwide and is known for its high-pressure cleaners, floor care equipment, parts cleaning systems, wash water treatment, military decontamination equipment and window vacuum cleaners, announced the expansion of its plant in Curtea de Arges (Arges County). The company will create 500 new positions by October 2021.
The new jobs will be created following a €20 million investment into a new production facility. The German group inaugurated the first plant in Curtea de Arges in 2016, following a €10 million investment.
Kärcher was founded in 1935 in Germany by inventor Alfred Kärcher. Kärcher is present in 70 countries, employs more than 13,000 workers, has 24 production and logistics points and has registered a global turnover of €2.7 billion in 2020.
Kärcher entered the Romanian market in 2008, and has more than 600 employees, seven Kärcher Center representatives, one Kärcher store, a national service network and national coverage through large chains of stores and authorised distributors.
Eurofound (2021), Kärcher, Business expansion in Romania, factsheet number 104769, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104769.
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...
