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 Dutch firm WeTransfer has announced a restructuring programme, including the loss of 260 jobs.
The Italian company Bending Spoons recently acquired We Transfer. The new CEO, Luca Ferrari, announced that 260 jobs will cut, which is around 75% of the total 350 jobs. According to the CEO, if WeTransfer was smaller and more focused, it could operate better on a long term basis. However, there was no stress situation within the company prior to the announcement. The employees in Amsterdam expected the job cuts, but did not expect that 260 jobs would be cut. It is unknown which jobs exactly will be cut, and from which unit they are.
WeTransfer is a tech company that allows users to send big files. WeTransfer operates mainly in Amsterdam, but also in locations in the UK and the USA.
Eurofound (2024), WeTransfer, Merger/Acquisition in Netherlands, factsheet number 201724, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201724.
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...
