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 pan-European 24-hour news channel, Euronews, has announced that it will cut 198 jobs out of 500 in total at its headquarters in Lyon by October 2024. This restructuring is part of a plan to redeploy Euronews' editorial staff in Europe as the company is planning to open six new offices in various European capitals.
A negotiation period of several months has been opened with the unions on the principles and modalities of the reorganisation. The management has justified the decision in response to the accumulated financial losses of €160 million over 10 years. It aims to redeploy its staff to six major European cities, and to make Brussels 'the nerve centre of its operations'.
In November 2020, the channel launched a social plan that led to thirty departures, including ten forced departures. In 2012, it had recruited 100 people in the EU (EU-Euronews-2012)
Eurofound (2023), Euronews, Internal restructuring in France, factsheet number 108592, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108592.
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...
