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 Valdunes site, a French manufacturer of wheels, has been acquired by Europlasma, a French group specializing in clean energy and technology. As part of the acquisition, 125 jobs will be made redundant, 108 in Leffrinckoucke and 17 in Trith-Saint-Léger. Europlasma’s plan saves 184 out of 309 jobs, including 118 in Trith-Saint-Léger and 66 in the Leffrinckoucke forge. The company also plans to offer training and reclassification opportunities to affected employees.
The acquisition, supported by unions and the French government, follows the withdrawal of a previous offer by the Chinese group MA Steel in May 2023, which prompted government intervention. The French government will invest up to €15 million in the form of loans to support Europlasma. Additionally, local governments will contribute €5 million to support Europlasma's €15 million investment over the next three years. The group intends to transform Valdunes’ business model to focus on producing green wheels using green steel and energy. While trade unions remain cautious and express distrust toward Europlasma, they hope the group will deliver on its commitments.
Eurofound (2024), Valdunes Industries, Merger/Acquisition in France, factsheet number 202095, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202095.
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...
