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 French pharmaceutical giant Sanofi has announced a restructuring plan for its R&D activities that will result in 1,200 jobs cuts in 2024 and 2025.
In France, the company is to cut 330 positions in three locations. The cuts will mainly affect the oncology R&D department, which has been identified as the costliest business area within the company. The restructuring programme is aimed at optimising costs and relocating resources to other research areas. The conditions of the programme will be negotiated with employee representatives according to local regulations.
Further information on the other locations affected is currently not available. Sanofi operates in 135 countries and employs about 86,000 staff worldwide.
These previous restructuring events were recorded in the ERM events database: Sanofi-2019-EU and Sanofi-2020-EU.
Eurofound (2024), Sanofi, Internal restructuring in World, factsheet number 201110, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201110.
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...
