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.
Corratec, a German company that manufactures bicycles, will invest €10 million in a new production facility in Timisoara (Timis County). The company plans to launch production in Romania in February 2022 with an annual manufacturing capacity of 300,000 bicycles. Initially, the factory will generate around 450 jobs over the next 24 months. According to the current business plan, the workforce will increase to a maximum of 600 employees.
With the new facility in Timisoara, Corratec will add production capacity of around 300,000 electric bicycles to its existing factory in Raubling, Germany. Production of state-of-the-art custom-made bicycles will remain in Germany.
The company was established in 1990 in Raubling, Germany.
Eurofound (2021), Corratec, Business expansion in Romania, factsheet number 105783, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105783.
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...
