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 semiconductor company Infineon has announced that it will cut 1,400 jobs and relocate another 1,400 worldwide.
In Austria, the company is to cut 380 jobs over the next two years Infineon-2024-AT. The programme will also affect locations in Germany, but currently no specific number is available.
The company aims to avoid compulsory layoffs by relying on measures such as early retirement, natural attrition, and retirement schemes, coordinated with the local works councils.
Under the programme, about 1,400 positions will be relocated to countries with lower labour costs (from North America to Asia). The programme is aimed at strengthening competitiveness and improving profitability. The restructuring programme follows weaker-than-expected revenue due to delayed deliveries and a broader economic slowdown affecting the technology sector.
Infineon employs about 58,600 people worldwide.
A recent restructuring programme of Infineon in Germany can be found here Infineon-2024-DE.
Eurofound (2024), Infineon, Offshoring/Delocalisation in World, factsheet number 201493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201493.
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...
