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 Lecta group, leader manufacturer of paper products, has presented a plan to shut down a coated paper production line, threatening 186 jobs out of a total workforce of 420.
In recent months, the plant has experienced several alternating periods of short-time working and resumption of activity. The significant decline in the paper market as well as the recent rise in energy prices partly explains the difficulties encountered. Production was halted in September due to a strike called by the unions. Employees fear that the plant will eventually close altogether. Sophie Binet, general secretary of the CGT and François Hommeril, general secretary of the CFE-CGC were received on 11 September by the Minister for the Economy, Bruno Lemaire, and Roland Lescure, the Minister for Industry, to ask the French government to look for another shareholder. Volumes of production suppressed at Condat are being transferred to other countries.
A former restructuring has been already recorded in the ERM Database, with 104 job cuts in 2007 Condat 2007 - FR
Eurofound (2023), Papeteries de Condat, Closure in France, factsheet number 200524, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200524.
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...
