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.
US-based car manufacturer, Ford, has announced a restructuring plan to cut 3800 jobs from its global workforce. Job cuts will be targeted at product development and administration and Europe as part of a pivot to refocus on engineering expertise in USA. As part of the plan, 2300 jobs will be cut in Germany (Ford-2023-DE), 1300 in the United Kingdom and 200 jobs in various European countries. Ford states this move comes as demand for their cars has continued to slow and the pivot to electric vehicles will not require as much of a labour-intensive production process.
Trade Unions are surprised by the announcement as they believed job cuts were capped at 2500. The company has agreed with the internal Works Council that no compulsory redundancies will be made before the end of 2032 in Cologne and Aachen, Germany.
Eurofound (2023), Ford, Internal restructuring in World, factsheet number 108486, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108486.
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...
