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 banking group Eurobank, has announced a new plan for voluntary redundancies. Applications were accepted from 12 February 2024 to 26 February 2024. The programme provides one-off compensation to €160,000 for immediate retirement which can reach €180,000 for certain categories of employees (in centralized units). The program provides additional three options for taking mandatory leave of 2, 5 and 7 years instead of immediate retirement, during which the employee is fully exempted from the obligation to be present and work at the bank. The ceiling for the lump sum in the 7-year mandatory leave reaches up to €250,000.
Participation in Eurobank's voluntary exit program was high with 600 employees applying for 400 exits. The Bank will decide how many requests to accept.
Eurofound (2024), Eurobank, Internal restructuring in Greece, factsheet number 200896, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200896.
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...
