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 Swedish manufacturer Volvo has announced an investment in Kraków, Poland, and a recruitment campaign for 120 positions. As part of Volvo's most recent objectives, prioritising innovation in software, it will open a large technology centre in Kraków, one of four in the world. The Volvo Cars Tech Hub will be launched by the end of 2023 and will be responsible for safety technologies, driver support algorithms and autonomous driving software. Employment in the centre is ultimately expected to rise to around 600 people by 2025.
The Volvo Car Corporation has so far operated three Tech Hub research and development centres: two in Sweden and one in India. The company also has large engineering centres in China and Sweden. Volvo aims to be an exclusively electric car manufacturer by the year 2030.
Eurofound (2023), Volvo Cars, Business expansion in Poland, factsheet number 108581, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108581.
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...
