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.
Voestalpine, Austria's biggest stainless steel company, has opened a new modern stainless steel plant in Karpfenberg, Styria, creating 150 new jobs.
The company invested 467 Million Euros in the extension and business expansion, which commenced in April 2018. This creates 150 new jobs in total, in which employees will begin working from the beginning of 2024. The construction of the new plant is expected to generate an added value of around 350 million euros. The new plant will then produce around 205,000 tons of special steel for demanding customer segments such as the automotive, energy and aviation industries.
voestalpine AG is a globally active Austrian steel and technology group based in Linz (Upper Austria). It emerged in 1995 from the VÖEST steel group founded in 1946, which was part of Austria's nationalised industry.
Eurofound (2023), voestalpine, Business expansion in Austria, factsheet number 200607, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200607.
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...
