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.
The Paris Commercial Court has ordered the receivership of Unterland Metal (formerly Clestra Métal), which is specialised in the manufacture of office partitions, and the redundancy of its 125 employees by 24 October. The employees had been engaged in a strike for almost three months and are in dispute with the Jestia group, which acquired Clestra Métal in 2022. Jestia had relocated the plant's activities from its 34,000m2 site, which was deemed to be oversized, to a 15,000m2 site. Trade unions estimates this project was a disguised redundancy plan. Management attributed the liquidation to the adverse impact of the strike on its cash flow, which caused a 65% loss in sales. For its part, the trade union CGT intends to initiate a legal action against Jestia, whose management is accused of having 'in the space of a few months moved premises, changed Clestra's historic name and stripped the company of its content and assets'.
Eurofound (2023), Unterland Metal, Bankruptcy in France, factsheet number 200424, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200424.
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...
