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.
Riva, a Belgian steel manufacturer, announced the cutting of 180 industrial jobs at its Thy-Marcinelle steel plant in Charleroi.
The restructuring is driven by a deterioration in activity at the steel plant, which has been operating at reduced capacity for several months. The company is affected by strong competition from Asian steel products and by a slowdown in the construction sector, which has weakened demand and put pressure on production levels.
The jobs concern blue-collar workers and specifically to the hot phase of steelmaking operations. The plan was presented during a special works council meeting, according to the trade unions. The unions have scheduled a staff meeting to inform workers and discuss the situation. The plant, which had fewer than 500 employees at the beginning of 2025, will see a 36% drop in staff.
Eurofound (2026), Riva, Internal restructuring in Belgium, factsheet number 204618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204618.
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...
