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.
Ryanair, the Irish low-cost airline, plans to reopen its bases at Tenerife and Lanzarote airports (Canary Islands) by the summer of 2023. The opening of these bases will create 120 jobs for pilots, cabin crew and engineers (60 at each airport). Ryanair estimates an investment of 400 million euros at both sites, with four aircraft and six new routes. The two new bases will mean a 10% growth in the company's operations in the Canary Islands, reaching 520 flights a week.
During 2022, previous business expansions have been recorded in the ERM datatbase. See the company's expansion in Ireland of 2,000 employees (Ryanair-2022-IE), including 200 new jobs in Shannon, County Clare (Ryanair-2022a-IE) and 150 new employees at Dublin airport (Ryanair-2022b-IE). In the same year, Ryanair has also expanded airport staff by 600 in Austria (Ryanair-2022-AT) as well as by 600 in Wroclaw airport (Ryanair-2022-PL) and 400 new roles at Krakow airport, Poland (Ryanair-2022a-PL).
Eurofound (2022), Ryanair, Business expansion in Spain, factsheet number 107969, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107969.
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...
