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.
Siemens, headquartered in Vienna, Austria, plans to close its industrial power supply plant in Vienna by the end of 2026, affecting 178 employees. The company aims to offer jobs within Siemens Austria, which currently has around 100 open positions.
This decision is part of a global restructuring effort to enhance competitiveness by reallocating production to other facilities, including Sibiu, Romania, while retaining Vienna as a hub for management, research, and product development in this segment.
Siemens Austria employs 9,300 people and reported revenues of €3.2 billion in 2023.
Trade unions criticised the impact on employees, while industry representatives linked such closures to rising inflation and costs, urging government intervention to preserve industrial competitiveness.
The Austrian Credit Protection Association (KSV1870) and unions advocate for robust financing proof and employee protections, highlighting the group's challenges in high production costs and inventory surpluses despite strong sales in 2024.
Eurofound (2024), Siemens, Offshoring/Delocalisation in Austria, factsheet number 202077, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202077.
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...
