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.
Dormakaba, a global company for access solutions and door technologies, is dismantling its site in Eggenburg and relocating parts of its production currently located in Herzogenburg to Bulgaria, leading to 120 dismissals.
The press spokesman of the company says the aim is to make use of cost advantages and to strengthen larger sites.
The site in Eggenburg with 95 employees will be closed by the end of 2024. Production will be relocated to Herzogenburg, where 65 of the 95 employees will be reemployed. At the same time, the production of the "Door Locks" product group in Herzogenburg will be transferred to Bulgaria and 90 jobs will be cut as a result. Thus, with the 90 jobs cut in Herzogenburg and 30 employees initially hired at the Eggenburg site not being reemployed, 120 workers are being made redundant.
Eurofound (2023), dormakaba, Offshoring/Delocalisation in Austria, factsheet number 200376, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200376.
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...
