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.
Aerumtec, the German manufacturer of wire products based in Weissenburg (Bavaria), has announced that it is closing its site in Bad Kötzting (Bavaria), thereby cutting 120 jobs.
The company justifies the closure with a rapid deterioration of the market situation, which could not prevent the closure of the site despite the reorganisation measures initiated. The Bad Kötzing site employs 120 people who will lose their jobs as a result of the closure. More detailed information on when and how the job cuts will take place is not yet known.
The IG Metall trade union is shocked and has announced that it will not stand idly by and accept the closure. They want to enter into tough negotiations.
With its headquarters in Weißenburg (Germany) and production facilities in Bad Kötzting (Germany), Roth (Germany), Cinderford (England) and Changzhou (China), around 500 employees produce copper products and industrial solutions with demanding technical specifications for customers all over the world on a total production area of 50,000 square metres.
Eurofound (2024), Aerumtec, Closure in Germany, factsheet number 201423, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201423.
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...
