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.
Byggmester Markhus, a Norwegian construction firm based in Bergen, announced at least around 100 job cuts as it filed for bankruptcy, affecting all its employees and leading to a stop in ongoing building projects. The bankruptcy was attributed to a VAT claim from the Norwegian Tax Administration (Skatteetaten) tied to the period before the company’s 2025 reconstruction, which the firm and its lawyer said created a sharply increased capital need and came unexpectedly on 23 December 2025. The job losses are a consequence of the bankruptcy process, with employees called to an all-hands meeting on January 6th. An employee representative stated that colleagues were being hit hard by the sudden loss of work, while the tax authority reiterated that it must ensure correct payment and equal treatment and could not comment on the specific case due to confidentiality rules.
Established in 1986 (operating as K. Markhus & Sønn until 2002), the company has mainly delivered medium and large housing projects and commercial buildings, and had faced sustained financial difficulties.
Eurofound (2026), Byggmester Markhus, Closure in Norway, factsheet number 203902, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203902.
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...
