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.
ABB is a Swiss multinational manufacturing company specializing in automation and power-related technologies. The company has 135,000 employees worldwide. In 2013 ABB bought Power-One Inc. in a $1 billion deal that included the Phoenix plant near Sky Harbor. Power-One had 450 employees in Arizona in 2013. ABB plans to close down its production plant in Phoenix in the US state of Arizona and to transfer production to Italy and Estonia.ABB claims the move will optimise the group's costs and supply chain. The relocation will leave 89 out of job at the ABB plant that manufactured solar inverters in Phoenix. The decision reflects conditions in the wider macroeconomic scenario. The consolidations will enable factory and supply chain optimization while improving cost, delivery and quality to customers.
Eurofound (2016), ABB, Reshoring in Italy, factsheet number 161, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/161.
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...
