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.
Valmet automotive, a Finnish vehicle manufacturing company, has announced a large scale restructuring on its site in Uusikaupunki, Finland. The cooperation negotiations comprise all 1,300 employees that the company has in Finland. The company estimates that reduction will add up to a maximum of 1,075 person years, and will be comprised of direct dismissals, temporary lay-offs, and changes in job descriptions.
The Minister of Labour has planned a visit to the site in the week following the announcement, with the purpose of mitigating the impact of the restructuring in collaboration with Valmet automotive’s representatives.
The restructuring is due to reduced market demand, and Valmet automotive has undergone repeated restructuring in recent years. In Valmet automotive - 2023 -FI2023, the company cut 940 staff, half of which were temporary layoffs. Now, manufacturing of Mercedes Bentz vehicles on the site will stop all together. Last year, the Finnish state acquired majority shares of the car manufacturing plant with the plan to reorient its activities to provide for the defence. However, this has yet to manifest to de facto production requiring labour.
Globally Valmet has in more than 19,000 employees including 1,300 workers in Finland.
Updated, 26/11/2025
Valmet automotive has concluded cooperation negotiations with the unions. As a result, 235 will be laid-off and 860 affected by temporary layoffs. Of those affected by temporary layoffs, some are laid-off only part-time. The CEO of Valmet automotive states that the focus on temporary layoffs is motivated by the belief that the poor market situation is only temporary. Thus, the company fins it beneficial to hold on to skilled staff.
Eurofound (2025), Valmet automotive, Internal restructuring in Finland, factsheet number 203388, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203388.
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...
