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.
Cora a chain of hypermarkets and part of the Louis Delhaize Group has announced it will close all of its Belgian stores (located across Wallonia and Brussels). In total approximately 1779 employees are at risk of losing their job. The company management states that growing competition of online and discount chains has led the company accumulate losses that it is unable to pay off. However, it also believes that the Belgian system of joint committees (of which there are several in the retail sector with their own rules and regulations) has led to unfair competition within the sector, putting hypermarkets like Cora at a disadvantage. As prescribed in the Renault-Law the information and consultation phase between the employer and the trade unions have started. The unions urge the company to establish plans that facilitate employees to transfer to other companies, as a large part of them is aged 45+.
Eurofound (2025), Cora, Closure in Belgium, factsheet number 202627, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202627.
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...
