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.
Boxmark Leather, a supplier of leather covers for the automobile and aviation industry, will lay off 120 workers by the end of December 2024.
The reason for the layoffs is the lower demand in the German automotive industry. The company was successfully winning new deals and even recruiting at the beginning of the year, but later orders had fallen by up to 30%. Marjan Trobiš, CEO of Boxmark Leather, said that the outlook for the future has been falling weekly for all car manufacturers.
Trobiš has announced that the Slovenian company will no longer be involved in series production for the automotive sector in Slovenia. Instead, the company will focus solely on the aviation industry. Production for the automotive industry will be relocated to companies in Croatia and Bosnia and Herzegovina due to unsustainable future price pressures if production remains in Slovenia.
Eurofound (2024), Boxmark Leather , Offshoring/Delocalisation in Slovenia, factsheet number 201524, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201524.
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...
