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.
Equinor, Norway's largest and partly state-owned energy company, is planning to hire 2000 new employees in 2022. The number includes new hires worldwide, mainly in Brazil, UK, US, and Asian countries, but the majority of the new positions will be in Norway. The company does not want to disclose the exact number of new positions in Norway.
Surging oil and gas prices are increasing the company's revenues, but Equinor explains its ambitious recruitment strategy as stemming from factors independent from this. First, the company needs new competences to bolster the growth in renewable energy industry, as it wants to expand beyond petroleum and to be part of the green transition. New recruitment is needed after hiring freezes during the pandemic in 2020 and in the first half of 2021; in addition, the company will have to replace senior employees who will be soon eligible for retirement. New roles will be available throughout the company. Of the 2000 new positions, 150 will be in the company's graduate programme. Equinor underscores the need for Vocational Education and Training (VET)- educated operators, aiming to recruit several hundered across Norway, UK and Brazil.
Headquartered in Stavanger and founded in 1972, Equinor is primarily an oil and gas producer but is also expanding into wind and solar energy. It currently employs over 18 000 people in Norway and 21 000 in total.
Previous business expansion is recorded in the ERM database in 2019, with 250 jobs created (Equinor-2019-NO).
Eurofound (2022), Equinor, Business expansion in Norway, factsheet number 106715, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106715.
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...
