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.
Electric Glass Fiber NL, a Dutch electric glass fiber factory located in Westerbroek, Groningen, the Netherlands, has filed for bankruptcy, and announced the subsequent dismissal of its 300 employees.
All 300 employees will lose their job, reportedly by direct dismissal, including 50 temporary workers. Electric Glass Fiber NL is a subsidiary of Nippon Electric Glass, a Japanese company, which was no longer able to bear the losses of Electric Glass Fiber NL. The rising energy prices have played an important part leading up to the bankruptcy, as well as a declining demand from the automotive sector, for which the factory’s optical fiber was mostly used. Despite an earlier reorganisation, losses for the factory continued to rise, eventually leading up to this bankruptcy. The curator is investigating the possibility of a restart. So far, there are no interested parties.
Eurofound (2023), Electric Glass Fiber NL, Bankruptcy in Netherlands, factsheet number 200350, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200350.
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...
