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.
Teva, the Israeli-American pharmaceutical company, has announced plans to cut around 2,400 jobs worldwide by 2027.
In Germany, about 150 jobs Teva 2025-DE will be cut at at its headquarters in Ulm and its production site in Blaubeuren-Weiler. 50 jobs were already cut in the spring, and a further 150 jobs are to be cut by the end of 2026. The jobs are to be cut mainly through termination agreements with severance payments and not filling vacant positions; redundancies are not currently planned.
In Israel, between 250 and 300 jobs will be affected; voluntary retirement in line with existing union agreements will be offered.
The measures are part of its ‘Pivot to Growth’ restructuring plan announced in 2023. The move aims to deliver $700 million in cost savings by streamlining operations, consolidating manufacturing, and modernising processes with tools such as artificial intelligence. Teva currently operates 35 production sites, which it intends to reduce to fewer than 30 by 2027.
The company employs about 30,000 people worldwide.
Eurofound (2025), Teva, Internal restructuring in World, factsheet number 203260, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203260.
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...
