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 ΕΛΑΪΣ-Unilever Hellas S.A., a subsidiary of Unilever in Greece, operates for 60 years in the production and distribution of 26 product categories in the sectors of Home & Personal Care and Hygiene, as well as in Food products. The company employs approximately 490 people at its factory and offices in Athens, and at its two logistics centers in Renti, Attica, and Schimatari, Boeotia. In March 2024, the parent company Unilever announced a restructuring plan by cutting 7,500 jobs worldwide and selling its ice cream division, aiming to save approximately €800 million. The plan to cut 7,500 jobs globally affects up to 3,200 jobs in Europe, corresponding to a 30% reduction in jobs, mainly administrative positions, by the end of 2025. In Greece, at least 120 employees are expected to be affected, although this number could exceed 150, primarily from the offices and not the factory. However, the specific plan has not yet been finalized. Discussions with the Workers' Union regarding the voluntary exit program will begin in September, and according to the timeline set, the programme is expected to be decided by the end of September. The implementation is set to begin in October with the exit of the first 70 employees.
Eurofound (2024), Unilever Hellas, Internal restructuring in Greece, factsheet number 201457, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201457.
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...
