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.
Danish meat processing company Danish Crown has announced plans to cut 500 jobs in Europe.
So far, the company has revealed that 278 administrative jobs will be cut at its locations in Denmark Danish Crown-2024b-DK. It has not been specified which other countries will be affected by the restructuring.
The layoffs are part of a comprehensive restructuring effort to address financial challenges. The programme follows earlier layoffs of 1,200 employees due to the closure of the Ringsted slaughterhouse in April 2024 (Danish Crown 2024 - DK) and 800 layoffs from the Sæby plant closure in 2023 (Danish Crown 2023 - DK). The company aims to achieve annual cost savings of DKK 500 million while adapting its organization to a shrinking supply of pigs for slaughter and lower competitiveness in pricing compared to European rivals.
Eurofound (2024), Danish Crown , Internal restructuring in European Union, factsheet number 202113, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202113.
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...
