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.
Dutch car manufacturer VDL Nedcar is to cut 1800 jobs in its Born establishment due to its inability to find a new client after the announced departure of BMW, its only client. VDL Nedcar currently still assembles cars under contract to BMW. However, the contract with the German car brand expires in March next year. VDL does not rule out further job losses around March next year. Trade unions also fear for jobs at VDL's suppliers.
Redundancies involve 1000 permanent contracts and 800 temporary agency workers, mainly production workers but also other staff. To keep as many jobs in Born as possible, VDL is diversifying its activities around the Nedcar plant. For instance, it is setting up a Mobility Innovation Centre (MIC) where it plans to produce batteries, among other things, and wants to move other operating companies focused on mobility to Born. VDL is also still looking for clients for the MIC, a spokesman says.
The redundancy notice comes as an unpleasant surprise to the trade unions, which have been discussing a new social plan with the VDL management in recent weeks. Nedcar staff have been on strike several times in recent weeks over the lack of a new social plan. VDL stresses that the current social plan, signed in 2021, pays almost double what is legally required. In addition, the company applies a redundancy bonus of up to €7500.
Eurofound (2023), VDL Nedcar, Internal restructuring in Netherlands, factsheet number 109145, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109145.
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...
