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.
TK Elevator, a global leading manufacturer and service provider of elevators, escalators and urban mobility solutions which spun off from the Thyssenkrupp Group in 2020, is opening a new office and logistics facility in the ATC-Business-Park in Asten. The project involves the relocation and expansion of regional operations, with the new facility scheduled to open in May 2027. The expansion will create about 50 jobs for administrative and support staff at the new site located.
The project follows the company’s strategy to modernise its European operations. The investment is intended to support business growth and increase operational capacity by consolidating office and logistics functions at a modern location.
TK Elevator employs around 460 workers in Austria and operates several sites across the country.
Eurofound (2026), TK Elevator, Business expansion in Austria, factsheet number 301321, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301321.
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,...
