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.
Avery Dennison, a global manufacturer of labelling and packaging materials, has announced plans to cut 125 of its 400 jobs at its Turnhout site in Belgium by the end of 2026.
The decision follows a period of operational optimisation that, according to the company, did not yield sufficient results. The restructuring is part of a broader effort to improve efficiency and competitiveness. The company has stated that it will engage in dialogue with employee representatives and aims to implement the changes gradually over the coming years.
The site in Turnhout has long been a significant employer in the region, and the announcement has raised concerns among local stakeholders about the impact on the labour market and community.
The latest recording of Avery Dennison in the ERM was in 2023, with the cut of 245 jobs as recorded in the ERM: Avery Denniso 2023 - BE
Eurofound (2025), Avery Dennison, Internal restructuring in Belgium, factsheet number 203215, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203215.
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...
