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.
French energy company Engie is shutting down the operations of EVBox, a Dutch charging points station manufacture. Between 400 and 500 jobs are expected to be cut.
There are multiple reasons why the jobs are being cut. Firstly, EVBox used to be a big player in the market for charging points, but in past years, the quality of the service and charging points have declined. This caused the main clients, such as Schiphol and the municipality of Amsterdam, to go to the competitors of EVBox. Moreover, the sales of electric cars in Europe declined in past years. It is unknown what type of jobs are being lost and which unit is most affected. However, EVBox has stated that it will keep 100 jobs on a short-term basis to keep the charging points running.
Though its mother company is located in France, EVBox has its headquarters in the Netherlands.
Eurofound (2024), EVBox, Closure in Netherlands, factsheet number 201788, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201788.
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...
