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.
In connection with the Russian invasion of Ukraine, Poličské strojírny, the largest Czech manufacturer of military ammunition, based in Polička, has announced the need to expand weapons production and to hire up to 150 workers. The company currently needs to fill more than 50 vacancies and about 100 new job positions will be created in 2023. Currently, around 650 people work in the Polička factory, which is one of the most important employers in the region.
Since the beginning of the conflict, Czech companies of the defense industry concluded contracts for deliveries to Ukranine in total amount of around CZK 40 billion (€ 1.6 billion). The Czech arms industry is now in a phase of rapid development due to the need to invest in new production capacities, in the recruitment of people and in modernization. Similar to Europe, the demand for weapons, ammunition and other military equipment is expected to increase in the coming years. Czech exports of these products are likely to set a new record this year.
Eurofound (2022), Poličské strojírny, Business expansion in Czechia, factsheet number 107272, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107272.
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...
