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.
Tubos Reunidos, an Spanish company specialised in the manufacture of seamless steel tubes, has presented an employment redundancy file (ERE) affecting 301 employees across its plants in Amurrio (Álava) and Valle de Trápaga (Bizkaia), representing over 20% of its 1,400-strong workforce. The measure includes 274 layoffs in Amurrio and 27 in Trápaga, alongside the temporary suspension of steel-making activity in Amurrio and the outsourcing of billet and ingot production.
The decision follows heavy financial losses of €71.3 million in 2025, largely attributed to the impact of 50% US tariffs on steel, as the American market accounted for nearlFy half of the company’s revenue in recent years. Tubos Reunidos also carries a debt burden of €234 million, despite having reduced it by €160 million since 2021.
The company has outlined a viability plan focused on diversifying markets, strengthening its position in Europe and the Middle East, and promoting low-emission steel products. Meanwhile, unions have called strikes in protest, arguing that the restructuring will have severe social and industrial consequences for the Basque steel sector, already affected by global overcapacity and rising imports.
Updated, 24/03/2026 In March 2026, Tubos Reunidos confirmed a revised employment redundancy plan affecting 285 workers: 205 will leave voluntarily under incentive schemes and 80 temporary staff will be dismissed by 31 March. The remaining departures will occur gradually between 31 March 2026 and 30 June 2027, with a planned external relocation for those dismissed. The plan follows a debt refinancing effort and is being challenged by unions.
Eurofound (2026), Tubos Reunidos , Internal restructuring in Spain, factsheet number 204237, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204237.
While large-scale redundancies at major manufacturers dominate the headlines, the true impact of this restructuring is being felt most acutely within the wider supply chain. This article examines the uneven distribution of job losses, the growing geographical shifts in production,...
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,...
