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 German low-cost airline Eurowings has announced the creation of 150 additional jobs in Cologne. With the hiring of 150 digital experts, the airline wants to further improve its digital offering for passengers. The plan is for customers to be able to complete their entire journey via an app in the future. Eurowing employs over 3500 people and operates 135 flights in 13 locations and offers more than 100 destinations in over 50 countries with a passenger volume of 40 million passengers in 2018.
Previous restructuring events have been recorded for Eurowings in the ERM events database. During 2021, the company announced expansion plans in Czechia creating 100 jobs (Eurowings-2021-CZ), and in 2020 underwent an internal resutrcuturing dismissing 300 employees (Eurowings-2020-DE).
Eurofound (2023), Eurowings, Business expansion in Germany, factsheet number 109068, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109068.
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...
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,...
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