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 telecommunication company Vodafone Spain has announced a reduction of 374 employees in its workforce, which is equivalent to a 10% cut in the total workforce (approximately 3800 employees).
The reason for this reduction is the transfer of these people from Vodafone Spain to Vodafone Group, the British parent company, and due to the sale of the Spanish subsidiary to the British financial group Zegona (the transfer is conditional to the successful completion of the operation). These 374 employees, primarily composed of people that perform tasks in the Spanish subsidiary but also are involved in global responsibilities within the British multinational.
These 374 employees will move to a company called Vodafone Intelligent Solutions (VOIS), and they will keep their current working conditions.
Vodafone Spain has been subject to previous internal restructuring processes in 2021 Vodafone-2021-ES and 2019 Vodafone-2019-ES
Eurofound (2024), Vodafone, Merger/Acquisition in Spain, factsheet number 200758, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200758.
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...
