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.
SKF, the Swedish bearings manufacturer, has announced plans to cut about 1,700 jobs, primarily in Europe.
The reductions will mainly affect support functions, including around 60 positions in France. SKF will also reduce its reliance on external consultants as part of the plan. Although the layoffs, SKF plans to hire around 500 new employees, resulting in a net reduction of 1,200 roles.
The measures will be implemented between the second half of 2025 and 2027. The layoffs are part of SKF’s strategy to spin off its automotive business, while focusing future growth on the aerospace sector. The aim of the strategy is to improve competitiveness and efficiency.
The group employed approximately 38,700 people worldwide at the end of 2024. In Europe, SKF has multiple sites and offices in Sweden, Germany, France, Italy, Poland, UK, and Spain.
Eurofound (2025), SKF, Internal restructuring in World, factsheet number 203256, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203256.