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.
Glovo, the Spanish home delivery platform, is planning to cut 100 jobs in the supermarket product delivery division, Super Glovo. The move will affect around 10% of the total team working in this activity. According to sources of the company, the dismissals will take place in the six centres of Granada, Alicante, Las Palmas, Tenerife, Pamplona and Bilbao, where the service will cease to be operational in all these cities. Meanwhile, the company has ensured that the service remains available in other locations (Palma, Malaga, Seville, Valencia, Zaragoza, Madrid and Barcelona).
The company justifies the decision by a fall in demand for orders and difficulties in attracting financing from external investors. Meanwhile, the UGT union warns that Glovo has toughened the working conditions of those employees who remain, eliminating various wage supplements provided for in the current collective agreement (work on public holidays, clothing).
Last January 2023, Glovo announced another staff cut of 250 people, which affected staff workers at its Barcelona headquarters (Glovo-2023-ES)
Eurofound (2024), Glovo, Closure in Spain, factsheet number 200699, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200699.
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...
