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.
Flextronics produces mobile telephony parts for Siemens. Due to Siemens decreasing market shares in the sector, Flextronics has started a restructuring programme. On August 1 2003, 470 contractual and temporary employees were fired. On August 26, 54 of the remaining salaried employees were dismissed, approximately 1,000 were left. In January 2004, Flextronics stopped production for Siemens at its Pandrup plant. Orders were moved within Flextronics International network of factories in countries where labour is cheaper. This meant a further dismissal of 500 to 700 employees. On 27 January 2004 the Minister of Employment sent a press release announcing that special measures will be taken to find new jobs or special training for the redundant employees. An earmarked amount of funds will be spent in cooperation with the regional Public Employment Service. On 26 March 2004, Flextronics announced further redundancies of a 100 salaried employees.
Eurofound (2003), Flextronics, Internal restructuring in Denmark, factsheet number 59022, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59022.
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...
