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 closing its low-voltage electrical apparatus factory in Kłodzko, resulting in the loss of employment for 600 people. The decision to shut down the plant is motivated by changing customer needs; the company has signed an agreement with the trade union for collective redundancies, and the layoffs will begin in the first quarter of 2024 and will be completed by the end of the year. Under the union agreement, affected employees will receive severance pay and additional benefits based on their years of service; in addition, the company is offering career counselling. ABB is a multinational corporation specialising in automation, robotics and energy. The company is headquartered in Zurich and employs about 105,000 people worldwide, with 5,000 of them working in Poland.
Eurofound (2023), ABB, Closure in Poland, factsheet number 200386, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200386.
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...
