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.
Nestlé Hungária, a Swiss based confectionery giant, announced the closure of its Diósgyőri chocolate factory in Miskolc, which will cut approximately 250 jobs by the end of 2026.
The decision came after a sustained decline in demand for seasonal confections such as chocolate bunnies and marshmallow nests, leading to markedly reduced production in recent years. Nestlé highlighted its intent to sell the plant to an independent manufacturer so that the iconic products can continue to be produced by another company. Although the majority of workers will lose their positions, the company has agreed with employee representatives to provide a special bonus and severance payments for those who remain employed until end of December.
In September, Vimpex, a Hungarian group, was announced as the buyer of the plant. Vimpex has committed to retain at least one third of the workforce, from January 2027. Nestlé said it would provide assistance for those employees who are not retained by the new owner.
Eurofound (2026), Nestlé Hungária, Closure in Hungary, factsheet number 301152, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301152.
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,...
