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.
Hydro, a Norwegian aluminium and renewable energy company, has announced a reduction of approximately 750 positions in administrative staff and support functions, engineering, sales and marketing, logistics and IT. Operators and other roles directly tied to production are not affected.
The measures aim to lower annual costs by NOK 1 billion and align the organisation with strategic priorities. The workforce reduction process starts immediately, with 600 FTE to be reduced by end-2025. A further 150 positions will be cut from 2026 through efficiency initiatives. This comes on top of an existing improvement program and cost reduction targets. The balance between voluntary and involuntary exits is not specified.
The company emphasises that it will conduct the restructuring process in close dialogue with employee representatives. Trade union Negotia reports ongoing dialogue and states it is still unclear who will be impacted. Hydro is operating in 40+ countries with about 32 000 employees globally and around 4 000 in Norway. The Norwegian state owns 34.26% of the shares through the Ministry of Trade, Industry and Fisheries.
Eurofound (2025), Norsk Hydro, Internal restructuring in Norway, factsheet number 203191, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203191.
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...
