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.
Copeland, a manufacturer of heating, cooling and refrigeration technology, has announced plans to restructure its facility in Welkenraedt. In total, 227 of 316 employees are at risk of losing their job.
The transition to a new generation of compressors is increasing the pressure on prices and production costs, according to the company management. Despite considerable efforts to reduce costs at the Welkenraedt site, the facility is no longer considered to be competitive within the European market.
Only the research and development department will remain active at the site. Additionally, Copeland intends to build a new research and development centre in the region.
Copeland is a branch of the US-based multinational Emerson Electric group.
Updated, 20/02/2025:: 198 employees at Copeland Welkenraedt will ultimately lose their jobs, as announced at a recent works council meeting. Production is set to end on 30 May 2025, with management committing to keep employing all staff until then. The second phase of the Renault procedure is now starting, focusing on negotiations over a social plan and redundancy terms. Union ABVV-FGTB says it will seek the best possible exit conditions.
Eurofound (2024), Copeland, Closure in Belgium, factsheet number 201617, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201617.
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...
