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.
E-commerce and retail multinational Amazon has announced a global restructuring plan to cut 9,000 jobs form it's workforce. This global restructuring is closely linked to the 18,000 job cuts announced as part of a global restructuring in January, now totalling 27,000 job cuts in the first three months of 2023. The restructuring will target Cloud and advertising departments. The company's streaming service Twitch will also see 400 employees made redundant. The CEO has stated locations and exact units impacted will be finalised in April, 2023.
During 2023, the ERM database has recorded the announced global dismissal of 18,000 employees (Amazon 2023-WO), and a closure in Germany cutting 600 jobs (Amazon 2023-DE).
Previous business expansion restructuring events have been recorded for Amazon in 2022, including in Czech Republic (Amazon 2022a-CZ and Amazon 2022b-CZ), Spain(Amazon 2023-ES and Amazon 2022-ES), Germany (Amazon 2022-DE, Amazon 2022a-DE, Amazon 2022b-DE), France(Amazon 2022 - FR), Poland (Amazon 2022 - PL) and Austria(Amazon 2022- AT).
Eurofound (2023), Amazon, Internal restructuring in World, factsheet number 108728, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108728.
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...
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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...
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