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.
Odelo Slovenija, a subsidiary of the German-based Odelo (owned by the Turkish Bayraktarlar), announced up to 100 layoffs by the end of January 2024. Odelo, a producer of lightening equipment (complex taillight systems and LEDs) for automobile producers, is running short of orders. New orders are expected only during 2024. The company explained that customers changed orders on short notice due to problems in the supply chain, particularly in the supply of semiconductors. According to the Odelo management, the high energy prices, and price increase of raw materials combined with the inflation and the rise in interest rates negatively impacted productivity.
Trade union and the company agreed not to renew fixed-term contracts, terminate contracts with agency workers, and dismiss employees eligible for retirement.
Eurofound (2023), Odelo, Internal restructuring in Slovenia, factsheet number 200402, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200402.
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...
