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.
Gencoal, a Portuguese food canning company announced at the end of March 2024 that it would dismiss 97 workers, representing 35% of its workforce (a total of 277 workers).
Gencoal is located in Vila do Conde (Porto), and owned by Italy's Generale Conserve. Despite the sector's growth, with exports increasing by 38% between 2015 and 2021, and 24 investment projects receiving EUR €27.4million from the Mar 2020 programme, the company is forced to reduce its workforce. The rise in the price of olive oil and aluminium, and competition from Poland are the main reasons pointed out for this decision.
Eurofound (2024), Gencoal, Internal restructuring in Portugal, factsheet number 200979, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200979.
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...
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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...
