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.
Octopus Energy Group, which handles the retail market in electricity trading, will make around 270 people redundant at its Krakow branch. The Krakow office serviced 1.5 million individual customers from the UK, the Netherlands and Germany. The company has not announced the reasons for the redundancies. The lay-offs will affect employees working in three departments - customer service, finance and business operations. The Labour Office has been informed of the collective redundancies and the handing out of notices has already begun. The dismissed employees will receive four months' salary.
Octopus Energy Group has been in existence since 2015, having previously been the UK's Shell Energy Retail - the renewable energy arm of the group specialising in sustainable energy. In 2023, Shell signed an agreement with Octopus Energy and separated from this part of the group.
Eurofound (2024), Octopus Energy Group, Internal restructuring in Poland, factsheet number 201001, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201001.
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...
