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 commercial court of Grenoble has accepted the takeover of the Gap clothing shops, which belong to Wilsam, by the company Spodis, belonging to the London-listed group JD Sports. The court had previously declared Wilsam in receivership. Spodis is taking over a large part of the business of the ailing clothing chain for €300,000.
With its offer, it is safeguarding 214 out of 336 jobs with the commitment not to make any redundancies for two years. A total of 122 employees will be dismissed.
A subsidiary of the group owned by businessman Michel Ohayon, Gap France was placed in receivership at the beginning of March, with liabilities of nearly €6 million at the time. These liabilities had risen to more than €34 million by the time of the hearing on 26 April.
Two former restructurings have been recorded in the ERM Database, with 500 job losses in 2020 (FR-Gap-2020) and 250 job losses (FR-Gap-2019).
Eurofound (2023), Gap France , Merger/Acquisition in France, factsheet number 109030, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109030.
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...
