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.
Piraeus Bank has announced a new voluntary redundancy scheme for employees as part of its workforce renewal, taking into account the operational needs of individual units.
Employees who will have completed six years of continuous service with the Group by 31 December 2025 are eligible to participate. The scheme offers either immediate departure or departure following a period of long-term leave, includes seven years of medical and pharmaceutical coverage, and provides access to career transition (outplacement) services. The maximum severance payment is up to €220,000.
Applications will be accepted from 2 October 2025 through 13 October 2025. The plan aims for approximately 200 voluntary exits
Eurofound (2025), Piraeus Bank, Internal restructuring in Greece, factsheet number 203443, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203443.
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...
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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...
