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.
Lithuanian railway company Lietuvos Gelezinkeliai is to dismiss around 300 employees in different Lithuanian regions (mainly Vilnius, Kaunas, Klaipeda, Siauliai, Radviliskis). Lietuvos Gelezinkeliai is currently undergoing a restructuring process since the company is set to lose around €150 million in revenue in 2022, because of the termination of its contract with the producer of potash fertilizers Belaruskali and because of the decrease in cargo volumes due to the EU and US sanctions on Russia and Belarus following the war in Ukraine. The company consulted the trade unions when planning redundancies. Together with the Employment Service, Lietuvos Gelezinkeliai has planned an employee assistance package for the dismissed employees. Around €6 million will be allocated for severance payments to the dismissed employees from different subsidiary companies of Lietuvos gelezinkeliai. In total Lietuvos Gelezinkeliai group will dismiss around 2,000 employees in Lithuania.
Lietuvos Gelezinkeliai is a state-owned railway company employing 1,115 people in Lithuania. It is a parent company of LTG group, responsible for efficient management of the railway corporate group. In total, the group employs around 9,200 employees in Lithuania.
Eurofound (2022), Lietuvos Gelezinkeliai, Internal restructuring in Lithuania, factsheet number 106704, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106704.
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...
