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 e-commerce clothing and accessories retailer Boozt announced that they would effectivise their workforce by using AI-tools across their value chain. These effectivisations have, according to a company press release, paid off, making it possible for the company to streamline operations by dismissing about 10% of their workforce.
The dismissals are set to be implemented in Q1 of 2025. The goal of these workforce reductions is to reach a long-term profitability increase of 10%.
The company is negotiating the precise number of dismissed personnel during the first months of 2025.
Update 2025-03-15
The cooperation negotiations at Boozt were concluded in February, 2025. The company has laid off 20% of its white-collar staff rather than the 10% or approximately 100 persons it originally announced. Company representatives are unwilling to publicise the exact number of dismissals.
Eurofound (2025), Boozt, Internal restructuring in Sweden, factsheet number 202192, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202192.
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...
