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.
As announced on 1 March 2024, the German construction machinery manufacturer Putzmeister plans to close two of its plants in Germany, one in Gründau (Hesse) and one in Heimertingen (Bavaria), by the end of 2024. A total of 280 employees will be affected.
The company intends to relocate operations to its sites in Turkey and Slovenia. The reasons cited include structural changes in the market and customer behaviour, as well as energy and production costs.
Putzmeister employs 3,300 people worldwide, around 1,100 of whom are based in Germany. It has been part of the Chinese company Sany since 2012.
Eurofound (2024), Putzmeister, Offshoring/Delocalisation in Germany, factsheet number 203390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203390.
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...
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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...
