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.
Erasteel, the French steel and metal manufacturer, has announced a restructuring that will cut 280 jobs in Europe.
The layoffs will mainly affect employees in France and Sweden. So far, it has been announced that 190 positions will be cut at its Commentry plant, France Erasteel 2025-FR . Negotiations on the employment protection plan will begin on 12 November, with the first layoffs planned for April 2026. The CGT union is actively involved, denouncing the decision as brutal and incomprehensible. Negotiations on the employment safeguard plan are ongoing.
The company plans to discontinue two of its three activities - conventional high-speed steel production and recycling of batteries and refinery catalysts - due to intense global price competition and significant overcapacity, particularly from Asian producers. Erasteel will concentrate solely on powder metallurgy high-speed steels.
Founded in 1960, Erasteel specialises in high-speed steels and advanced metallurgical technologies. The company has production sites in France, Sweden, and China, employing 850 people worldwide.
Eurofound (2025), Erasteel , Internal restructuring in European Union, factsheet number 203729, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203729.
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...
