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.
Sappi, a South-African multinational company specialised in the production of paper products has announced plans to close its facilities in Lanaken (Belgium) and Stockstadt (Germany), leading to the lay off of around 1194 employees of its EU workforce. The economic downturn and the geopolitical instability in Europe highly affected the company, which faced a significant overcapacity in graphic paper production. Moreover, the increasing input costs exacerbated the situation. Sappi Lanaken Mill and Sappi Stockstadt Mill are integrated pulp and paper mills, employing around 644 and 550 workers in total, respectively.
The related Belgian restructuring event has been recorded in the ERM database: Sappi 2023 - Belgium.
Eurofound (2023), Sappi, Closure in European Union, factsheet number 200528, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200528.
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...
