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.
ABB, a Swiss automation company, has opened a new high-tech campus with 1,000 new jobs in Eggelsberg, Austria. As the company site focusses on research and development of automation technologies, the created jobs will be high-tech jobs for highly skilled workers. The company has already invested EUR 100 millions in the expension of the company's site, which has acquiered from B&R, another tech company, two years ago. The new campus will provide various new research labs und training facilities with the capacity of 4,000 trainees each year. "With the new campus, the company site will have a total size of 100.000 square meters, becoming one of the biggest integrated centers of production, research and education in Central Europe" a company spokesman has stated. ABB has a total of 105,000 employees in 100 countries and a turnover of USD 28.9 billions (as of 2021).
Eurofound (2022), ABB, Business expansion in Austria, factsheet number 107166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107166.
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...
