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.
German multinational Henkel closes its detergent factory in Körösladány, Southern Great Plain. As a result, some 500 employees will be laid off.
The closure is a part of a reorganisation of the European supply chain of the Henkel Consumer Brands branch, due to the change in consumer preferences. The Körösladány factory has exported most of its output to other European countries. The plant will stop producing by the end of July and the closure will be completed by the end of 2024. The management emphasised that the closure has nothing to do with the employees' work performance.
The company will offer the employees a severance package above the statutory minimum and also provide training and job search support. The managemenet will cooperate with the workers' representatives. The government announced that it would help the workers land new jobs.
The other Hungarian production site of Henkel – which produces adhesives – will continue its operation.
Eurofound (2024), Henkel Magyarország Operations, Closure in Hungary, factsheet number 201330, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201330.
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...
