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 kitchen and bathroom furniture company Vedum Kök och Bad announced that they are notifying 100 workers of dismissal due to a downturn in construction. In 2023, a similar cost cutting measure was made, where 100 workers were dismissed (Vedum 2023 - SE. The latest dismissal will affect 60 workers in the manufacturing and 40 white-collar office workers.
The reality of Vedum's business is that the kitchen and bathroom finishing work is often done in the end of the construction phase, which has seen a significant downturn due to high interest rates. While the Swedish National Board of Housing, Building and Planning foresees an upturn in construction in 2025, Vedum states that their involvement in the construction process, and hence the demand for their products, will likely not increase until 2026.
Eurofound (2024), Vedum kök och bad, Internal restructuring in Sweden, factsheet number 202188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202188.
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...
