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.
IRCI is the Italian subsidiary of the US multinational company International Rectifier Corporation and employs 477 in two plants, both located in Piedmont (Venaria and Borgaro). At the end of 2003, the company management announced a further employment cut after that implemented in spring 2003, which involved some 150 people, who are now covered by the special wages guarantee fund. The new reduction will affect 105 workers of the Venaria plant, mainly white-collar employees (90 people) and some managers (15 people). By this reduction, employment at the Venaria plant should be reduced down to some 30 workers from a former level of about 250. The production of the Venaria plant is supposed to be relocated in Latvia.
Eurofound (2004), International Rectifier, Offshoring/Delocalisation in Italy, factsheet number 59715, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59715.
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...
