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.
H&MV Engineering, an Irish high-voltage engineering and critical power infrastructure specialist, announced plans in August 2026 to recruit 1,100 employees globally over five years. More than half of the new recruits, representing more than 550 positions, will be based in Ireland, supporting international projects through engineering design and project delivery.
The expansion is driven by demand for power infrastructure serving AI and data centres, battery storage, renewable energy and electricity networks. An approximately €750 million investment vehicle led by existing investor Exponent, alongside Apollo S3, Pantheon and SQ Capital, will support international recruitment, additional engineering capabilities and strategic acquisitions.
H&MV employs approximately 1,900 people across 20 international offices and aims to increase its global workforce to 3,000. Its international expansion includes a North American headquarters in Dallas.
Eurofound (2026), H&MV Engineering, Business expansion in Ireland, factsheet number 300879, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300879.
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,...
