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.
Alstom 2023 - FRRail equipment manufacturer Alstom has announced the layoff of about 200 jobs positions in France. The job reductions are part of a worldwide restructuring plan which involves the elimination of 1,500 jobs in support services (10% of the workforce in these services).
The company is undergoing a significant cash flow crisis and is in urgent need of reassuring the investors. Specifically, the company is struggling with fulfilling the contract obligations inherited with the acquisition of Bombardier in 2021. Job cuts will be made through voluntary redundancies, which should avoid outright redundancies. Further details will be provided at a European Works Council meeting on 14 December, before the launch of information and consultation procedures at the national level. We are counting on three months of consultation before the first effects on employment, i.e. from 15 March 2024.
The latest restructuring recorded in the ERM was a business expansion in 2023, with the creation of 150 jobs, in the branch Alstom transport: Alstom 2023 - FR.
UPDATE 15/02/2024: It is announced that Alstom is to expand its restructuring programme. The layoffs will affect 298 jobs, instead of 200 previously announced.
Eurofound (2023), Alstom, Internal restructuring in France, factsheet number 200523, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200523.
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...
