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.
Philips Semiconductors is one of the world's top semiconductor suppliers. On its unit of Nijmegen 90 job losses were announced on 4 December 2002 (50 natural termination of contract, for the other 40, Philips was trying to find an outplacement solution) after the 200 announced in 2002.
In September 2003, 140 more job cuts were announced.
In March 2004. Philips reduces its workforce by 350 units in the sector of semiconductors on the site of Nijmegen. The trade unions complain about the fact that Philips relocates more and more in low wage countries. Philips management argues that its competitors are following the same path and that the company is undergoing an important transformation focussing less on production and more on knowledge.
Eurofound (2003), Philips Semiconductors, Internal restructuring in Netherlands, factsheet number 59642, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59642.
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...
