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.
Amazon, the US e-commerce and cloud computing services multinational has announced the creation of up to 400 new jobs in a new automated logistics centre, to be opened in early September 2024 in Siero (Asturias, Spain). This new centre has a surface area of more than 175,000 square metres and it has implied a total investment of 300 million square meters. It is expected that the centre will provide employment for 1,500 people in three years' time.
The new logistics centre has a automated area of almost 40,000 square metres and includes technologies such as palletising robots, an arm-shaped robot that groups pallets and eliminates the need to lift loads manually, and automatic guided vehicles, among other technologies. The centre will offer a wide variety of jobs, both highly skilled and blue-collar.
Amazon has experienced some previous business expansion examples in Spain in 2023 Amazon 2023-ES and 2022 Amazon 2022-ES, amongst other years.
Eurofound (2024), Amazon, Business expansion in Spain, factsheet number 201078, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201078.
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...
