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.
German retailer and coffee roaster Tchibo has announced the elimination of 300 jobs, most of them at its Hamburg headquarters. With the job cuts, Tchibo aims to bring its workforce back to pre-Corona pandemic levels. The job cuts are to be achieved through the elimination of unfilled positions, the expiry of fixed-term contracts and fluctuation, but operational layoffs cannot be ruled out. In 2021, Tchibo generated international sales of €26 billion with around 11,230 employees, 7,100 of them in Germany. Tchibo is the market leader for roasted coffee in Germany, Austria, the Czech Republic and Hungary and is one of the leading e-commerce companies in Europe.
Eurofound (2023), Tchibo, Internal restructuring in Germany, factsheet number 109212, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109212.
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...
