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.
Akzo Nobel has reduced its workforce by 2,230 (66,360 on June 30th, 67,880 on December 31th). The company has cut jobs in its three main business areas: pharmacy (approximately 440 jobs lost), coatings (some 1,290 jobs lost) and chemicals( some 450 jobs lost).
February 2004. Diosynth, part of the Pharma branch, has announced a restructuring across the world. To face the declining demand, Diosynth is reducing its capacity by closing its site in Mexico, scaling back facilities in the Netherlands and reducing its production capacity at Buckhaven (Scotland) site. Workforce reductions will directly affect a total of approximately 350 employees. For each site, consultation involving unions and works councils is being, or will be, undertaken as appropriate.
February 2004. 60 jobs to be shed at Akzo Nobel Coatings in Vilvoorde, Belgium.
Eurofound (2003), Akzo Nobel, Internal restructuring in World, factsheet number 59559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59559.
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...
