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.
T-Systems, a German IT service provider and subsidiary of Deutsche Telekom, has announced the creation of 200 jobs at its site in Wolfburg, Lower Saxony, Germany.
T-Systems continues to invest in the automotive industry and focuses on four topics: vehicle software and connectivity, digital customer experiences, the digitalisation of the company and secure cloud computing. By 2023, the Telekom subsidiary plans to create around 600 jobs worldwide, 200 of which will be at the Wolfsburg site.
Already 4,000 experts are working on the digitalisation of the industry. In 2021, T-Systems had automotive revenues of around €571 million.
Eurofound (2022), T-Systems, Business expansion in Germany, factsheet number 107128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107128.
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...
