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.
Vecttor, a company dedicated to urban passenger transport with chauffeur-driven vehicles for hire, has announced the creation of 1500 new permanent jobs to work as drivers in Madrid (1000) and Barcelona (500). Specifically, the new drivers will work through the Cabify platform. The company offers salaries from €1,113 to €1,258 per month (12 payments per year) plus a percentage of variable salary depending on individual turnover.
This announcement comes as a consequence of the recovery of the mobility of the population, after the beginning of the recovery from the COVID-19 crisis. The company has progressively incorporated 700 vehicles that will be received by the end of the year, which are less contaminating. Currently, 85% of the company's vehicles are ecological and it expects to increase this number up to 90% by the end of 2021.
Eurofound (2021), Vecctor, Business expansion in Spain, factsheet number 105305, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105305.
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...
