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.
Pimkie is downsizing its Spanish business. The company plans to close 16 of its shops throughout Spain, a process that will involve a redundancy programme (ERE) for 52 workers. The company has informed the workforce about its intention to initiate the steps leading to the processing of a collective redundancy.
Pimkie will close ten shops in shopping centres and six street shops located in Madrid, Andalusia, Valencia, Catalonia, Balearic Islands and Castilla La Mancha. This way, the company will reduce its distribution network in Spain to around forty points of sale. This is the third redundancy programme that the company has implemented in the Spanish market in the last three years.
Updated 26/04/2022: Pimkie has reached an agreement with the workers to carry out a redundancy programme (ERE). This ERE foresees a dismissal of 52 workers (same as initially suggested), plus the closure of fifteen shops, one less than planned. The agreed severance pay will be thirty days' salary per year worked, with a maximum of thirteen monthly payments.
Eurofound (2022), Pimkie, Closure in Spain, factsheet number 106472, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106472.
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...
