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.
Finnish insurance company Fennia will start co-operation negotiations covering approximately 530 employees in the non-life insurance business. Up to 137 job positions may be cut down.
According to the company, restructuring aims to streamline its business to improve customer experience and profitability, as the number of physical customer visits has decreased significantly over the years as customers have switched to digital channels. The company says efforts are being made to limit possible staff reductions to new positions.
According to Fennia’s Chief Operating Officer of the non-life insurance business, customers expect more and more digital and real-time insurance services from the company. Fennia is developing new products and making the most extensive investments in its history while also taking care of the company’s profitability.
Fennia Group has around 1,000 employees in 30 different locations all over Finland.
Eurofound (2021), Fennia, Internal restructuring in Finland, factsheet number 105415, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105415.
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...
