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.
The meat processing company HKScan is planning job reductions in its meat packing unit in Forssa, Finland. The company has initiated cooperation negotiations with trade union representatives, encompassing 116 workers. Negotiations will last at least six weeks. The staff will face dismissals or and significant changes in terms of employment. The company aims to change its operating model in Forssa and has made a sizeable investment in packing and logistics. Due to the investment, some of the current staff is made redundant. The company wants to save up to € 2 million by the end of 2024.
HKScan is a multinational company with operations in Finland, Sweden, Denmark and the Baltics. The company’s headquarters are in Turku, Finland. At the end of 2020, the company had 2,375 employees in Finland, out of which 500 are located in the Forssa unit. Early in 2022, HKScan underwent similar restructuring in its operation in Rauma (55 dismissals) (HKScan-2022-FI).
Updated 20/10/22
The statutory change negotiations were concluded. The parties agreed that 23 jobs will be reduced in the end part departments of the production process in the Forssa unit and the changes in employment will concern 93 jobs. The job reductions will be implemented by the start of the investment between 2022 and 2024.
Eurofound (2022), HKScan, Internal restructuring in Finland, factsheet number 107267, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107267.
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...
