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.
Access Group, a UK-headquartered provider of business management software to small and medium sized organizations announced plans to hire 325 persons by the end of 2023. The new employees will be hired at the Timisoara IT hub, which was open six months ago.
Currently 375 people are working in Timisoara. This year, the company plans to increase the number of IT specialists through programmes dedicated to IT graduates and beyond. The portfolio of the group includes 60,000 customers in the commercial and not-for-profit sectors.
Founded in 1991, the Access Group employs approximately 6,300 people worldwide.
Eurofound (2023), Access Group, Business expansion in Romania, factsheet number 108797, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108797.
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...
