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.
Volvo is a well known Swedish producer of vehicles including trucks and cars. CEO Martin Lundstedt stated that while demand for trucks is significantly increasing in Europe, there is an excess of production in North America. According to the news, in the second quarter of 2016, Volvo delivered 52,670 trucks, compared with 55,613 in Q2 2015. Order intake dropped to 45,422 trucks from 49,551 in Q2 2015. Thus, Volvo plans to employ further 400-500 workers at its factory in Gothenburg, Sweden, reducing at the same time the number of employees in North America by around 300 persons.
Eurofound (2016), Volvo, Reshoring in Sweden, factsheet number 180, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/180.
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...
