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 pharmaceutical company Lek, located in Ljubljana and part of the Swiss-based Sandoz group (Novartis), has announced a plan for creating 100 new jobs at its Biopharmaceutics unit in Mengeš, which currently has 300 employees. The unit has been awarded ‘Factory of the Year 2022’ for most successful implementation of the Industry 4.0 concept among Slovenian companies, by standing out with its technological advances in production, employee care, concern for sustainable development and business. The announcement for the recruitment of 100 new employees was made by the production unit director, Polonca Kovač, during her award acceptance speech. Kovač also announced that the factory- a producer of active ingredients for biologics and biosimilars- plans to quadruple the production capacity of one of its subunits in Zagorje ob Savi within the next two years (2023 and 2024).
Currently the company employs 4797 people in Slovenia.
Previous business restructurings were recorded in the ERM database in 2020, with 140 jobs created (Lek-2020-SI), in 2019, with 320 jobs cut (Lek-2019-SI) and in 2016, with 100 jobs created (Lek-2016-SI).
Eurofound (2022), Lek, Business expansion in Slovenia, factsheet number 107618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107618.
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...
