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 heat pump manufacturing company Nibe is reducing its workforce by 264 employees in Markaryd, Sweden. The redundancies will affect both the administration and the manufacturing parts of the business. Nibe is part of the company group Nibe Industrier, which, in addition to Nibe has informed about redundancies at its subsidiary CTC AB in Ljungby, Sweden, with 40 employees. Similar reductions in the workforce are also expected in the company's operations around Europe where cooperation negotiations will start Nibe 2024 - EU.
The redundancies are explained by a decrease in demand for heat pumps in Europe at the beginning of 2024. The company wants to save around SEK 600 million (€ 52,4 million) which was presented in its quarterly report in February.
Nibe Industrier has approximately 21,000 employees globally, of which almost 1,500 work in Markaryd, Sweden.
Eurofound (2024), Nibe, Internal restructuring in Sweden, factsheet number 200968, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200968.
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...
