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.
Younam Electric, a Korean company that produces components for household appliances, will invest in Grodzisk Wielkopolski, where it will eventually employ 150 people. In 2023, the company bought the buildings in Grodzisk Wielkopolski, where the beverage company Hoop was previously located. The new factory will manufacture components for white goods and air conditioning. The company is expected to start operations in February 2024, initially employing around 50 people and eventually 150 people. Production workers will be employed. Younam Electric is a copper parts manufacturer, producing various copper-spun products such as filter dryers, strainers, accumulators, mufflers, heat exchangers, distributers, welding and bending connecting tubes. The company has so far had two factories in South Korea, one in Vietnam and China.
Eurofound (2024), Younam Electric, Business expansion in Poland, factsheet number 200790, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200790.
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...
