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.
Telus, the Canadian company subcontracted by the American social-media company Meta to moderate content on Facebook and Instagram in Barcelona, has reached an agreement with workers’ representatives to present an Employment Redundancy File (ERE) of 2,059 employees. The ERE, which affects nearly the entire workforce in Barcelona premises, was ratified by 96% of staff in an online vote.
Each affected employee will receive compensation equivalent to 33 days’ salary per year worked, capped at 24 months, amounting to a total estimated cost of €22 million. The first dismissals will begin on 22 May and will continue progressively until September. The agreement also includes the creation of a job pool, granting dismissed employees priority access to future vacancies within the company for two years. This move follows Meta's decision to end its content moderation contract with Telus, after Mark Zuckerberg opted to relax moderation policies. Telus has since been seeking new clients, as Meta was reportedly its sole provider.
Eurofound (2025), Telus, Internal restructuring in Spain, factsheet number 202745, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202745.
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...
