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.
Monster, the online recruitment company, has announced that it will cut 200 positions worldwide.
The layoffs will primarily affect employees in France, Italy, the UK, Luxembourg, the Netherlands, Sweden, Germany, Austria, and the Czech Republic. In France, between 25-30 employees are expected to be impacted.
The layoffs are due to a decision by its shareholders, Apollo Global Management and Randstad, to cease operations in Europe. The decision follows the placement of the CareerBuilder and Monster joint venture under Chapter 11 bankruptcy proceedings in the United States on 24 June 2025. Bold, the company that won the bid for American assets, has no interest in the European business.
The employee representatives have criticised the speed of the closure, pointing out that only eight months had passed since the joint venture was launched. They claim that the process appears pre-planned and that workers have been deprived of financial support due to blocked fund transfers from the United States. The European Works Council has appealed to Randstad to uphold a 2023 company agreement in France that guaranteed support for employees in case of economic dismissal. However, Randstad has refused further financial contributions and declined to prioritise Monster staff for internal reemployment.
Founded in 1994, Monster operates across 13 European countries: France, Italy, the UK, Luxembourg, the Netherlands, Sweden, Germany, Austria, Spain, Switzerland, Ireland, Belgium and the Czech Republic (a shared service centre).
Eurofound (2025), Monster, Bankruptcy in World, factsheet number 203161, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203161.
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...
