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 Avenel family business, founded in 1944, is expected to be taken over by the ERI group, which will retain two-thirds of the workforce, i.e. 198 employees out of 300, thus making 102 redundancies. Avenel, which was placed in receivership at the end of November, offers services in three areas of expertise: buildings, industry and infrastructure. ERI is thus acquiring activities that complement its own and is significantly increasing in size, going from 1,000 to almost 1,200 employees and from €185 million in sales in 2023 to more than €220 million. ERI group plans to double Avenel's turnover from its current level of €30 million by 2027. The only competing bid lodged with the commercial court was that of Equans, a subsidiary of the Bouygues group, which proposed to retain only around a third of Avenel's 300 or so employees.
Eurofound (2023), Avenel, Merger/Acquisition in France, factsheet number 200650, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200650.
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...
