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.
Valmet Automotive, a Finnish service provider to the automotive industry, has announced the creation of 160 jobs at its newly opened plant in Kirchardt, Baden-Württemberg. Valmet Automotive has opened its first battery plant in Germany in Kirchardt. The plant has a total area of 60,000 square metres. On an area of around 11,500 square metres, Valmet Automotive has built a highly automated production facility that provides jobs for around 160 employees. The production focuses on batteries for hybrid as well as electric vehicles. The Valmet Automotive Group is a leading European manufacturer of battery systems for electric vehicles and vehicle kinematics for original equipment manufacturers, as well as one of the largest vehicle contract manufacturers in the world. The company employs around 4,100 people at locations in Finland, Germany and Poland.
Eurofound (2023), Valmet Automotive, Business expansion in Germany, factsheet number 109313, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109313.
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...
