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.
Booking.com, a global web portal operator in the travel and accommodation sector and part of the US-based Booking Holdings group, has announced the planned dismissal of up to 1,000 employees as part of an internal restructuring aimed at improving efficiency. The restructuring will primarily affect managerial layers within the organization, particularly at the company’s headquarters in Amsterdam, where between 200 and 1,000 jobs are expected to be cut. Despite strong financial performance, the company stated that the restructuring is intended to streamline operations and reduce bureaucracy.
The restructuring process began earlier in 2024 and was initially concentrated on upper management, where 50 positions were already eliminated. A collective agreement was reached in July 2024 with trade unions after months of negotiations. The updated social plan improves severance conditions for lower-income employees, increasing the voluntary departure compensation by €2,500. Trade unions reported broad support among their members for the agreement, which includes both a voluntary departure scheme and a broader social plan.
Eurofound (2025), Booking.com, Internal restructuring in Netherlands, factsheet number 203111, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203111.
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...
