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.
Selezione, a Romanian garment company, has announced that it is to shut down its production facility in Braşov, Romania, resulting in the redundancy of 152 employees.
The closure is the result of a severe lack of orders and a trend of luxury brands progressively lowering the prices they are willing to pay for manufacturing. The factory produced goods for major luxury houses, including Dior (LVMH), Gucci (Kering), and Tod's. Following an inquiry by the Business & Human Rights Resource Centre in November 2024, Dior provided a formal response regarding the situation, while Kering and Tod's did not offer a statement.
The closure highlights a broader trend in the Romanian textile industry where luxury brands are shifting orders to other regions or demanding lower production costs, directly impacting the viability of local manufacturing sites. In 2024, two Romanian garment companies announced collective dismissal programmes: Artsana cut up to 261 jobs Artsana Romania 2024-RO , while Serconf cut 163 positions Serconf 2024-RO .
Eurofound (2024), Selezione, Closure in Romania, factsheet number 204385, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204385.
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...
