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.
Yara, a Norwegian-headquartered fertilizer producer, has offered severance packages to all 700 employees in support functions in Norway as part of a cost reduction program. The offer was first announced in November 2024. As of February 2025, the company reports that approximately 150 employees have accepted the offer, with most having already left the company. Yara expects further job cuts in 2025, as a part of the company's efforts to reduce fixed costs by $150 million and cut investments by an additional $150 million by the end of the year.
Yara reports to be working closely with trade unions and employee representatives to ensure an orderly process and minimise uncertainty among staff. Union representative Ragnhild Flesland Høimyr described the severance offers as a demanding situation for affected employees and underscored the unions dedication to take care of their members, while also acknowledging the company's position that cuts are necessary to ensure long-term competitiveness.
Yara describes itself as the world’s leading crop nutrition company, operating in over 60 countries with a total of around 18 000 employees.
Eurofound (2024), Yara, Internal restructuring in Norway, factsheet number 202389, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202389.
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...
