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.
Armani is shutting down the Giorgio Armani Swiss Branch, after 20 years. The company intends to relocate most of its employees to its Milan site; however this is a conditional offer and employees are required to accept a reduced salary (from €4,000 to €1,500). The Swiss site in Mendrisio is going to keep 10 employees, while 40 are going to be laid off, according to the latest news. However, Armani's medium term plan is to fully close the Mendrisio site. Armani opened an administrative center in Mendriso (Switzerland) twenty years ago. Despite higher salaries than in the home country, Mendrisio has attracted fashion companies due to fiscal advantages. Recent changes in the local taxation has greatly reduced the attractiveness of the region, and Armani is not the first company closing or reducing its subsidiaries.
Eurofound (2016), Giorgio Armani, Reshoring in Italy, factsheet number 246, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/246.
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...
