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.
Sick, a German technology company that designs and manufactures sensors and automation solutions, announced the reduction of 500 jobs across several sites in Germany. The cuts will affect locations in Waldkirch, Reute, Freiburg, Donaueschingen, Karlsruhe and Hamburg, with the first layoffs already occurring in January. The company, which employs 5,000 people, cited the need to lower costs amid changing competitive conditions to improve profitability. The restructuring is an internal restructuring driven by cost optimisation, and will commence in early 2026, with the full programme concluding by the end of the year. Negotiations between the company and the works council are currently ongoing.
Sickl stated that it aims to implement the job reduction scheme in a socially responsible manner. The trade union IG Metall criticized the decision and emphasized that the long term future of the company could not be secured by job cuts.
Eurofound (2026), Sick, Internal restructuring in Germany, factsheet number 300098, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300098.
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...
