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.
Metal company TN Europe BV, formerly TN Netherlands, will close its factory at Veenendaal by the end of 2022 and will cut 195 jobs, of which 13 temporary workers. The Japanese parent company Tsubaki Nakashima is moving production to Bosnia-Herzegovina: the company was one of Veenendaal's largest employers. Its customers are bearing manufacturers, suppliers to the automotive industry (cars and trucks) and other industrial companies.
Structural changes in the automotive sector, such as electrification,are impacting metal production. TN Europe BV has been losing revenue and customers since 2018 and is no longer profitable.
Social partners and unions were recently informed and are working on a social plan; the work council has also received an advice request to help with the situation. However, Union CNV states that they expect employers to contact TN Europe BV on short notice due to an alarming shortage of well-trained technical staff.
TN Europe BV is a metal company that supplies the automotive industry and works with car brands such as Mercedes, BMW, Audi, and Volkswagen.
Eurofound (2022), TN Europe B.V., Offshoring/Delocalisation in Netherlands, factsheet number 106351, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106351.
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...
