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.
French aeronautical equipment manufacturer Safran has announced that it will create 12,000 jobs globally in 2022. So far, about 3,000 positions are to be created in France. The grousp expects a recovery of air traffic in 2022, after the crisis in the aviation sector related to the COVID-19 pandemic. Safran is to increase its production capacity. Moreover, between 2021 and 2025, it plans to commit €4 billion ($4.62 billion) in research and technology.
Safran is the world's third largest aerospace contractor. Currently, the company has 351 units in 31 countries and employs more than 76,000 people worldwide.
In 2020, the group announced 3,512 jobs cut worldwide.
Eurofound (2022), Safran, Business expansion in World, factsheet number 106142, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106142.
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...
