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.
Ryanair has initiated an Employment Redundancy File (ERE) affecting approximately 100 ground handling staff at Santiago de Compostela's Rosalía de Castro Airport, following the airline’s decision to close its base there due to increased airport fees imposed by Aena. While 135 cabin crew members will be relocated, between 100 and 120 ground support employees face dismissal.
The company also plans to drastically cut its flights from Santiago (from 100 to just 15), leading to a forcasted 50% drop in passenger volume. The works council, represented by CIG and CCOO, warns that up to 75% of direct airport jobs could be lost as a result.
Protests have been announced, with the first demonstration planned for the upcoming Thursday. The committee is calling for urgent intervention from both the Xunta (Regional Government) and the Spanish central government.
The company already experienced a previous restructuring process in Spain in 2022 Ryanair 2022-ES, with the creation of 120 new jobs
Eurofound (2025), Ryanair, Internal restructuring in Spain, factsheet number 203341, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203341.
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...
