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.
Onda Cero, nation-wide entertainment radio channel owned by Grupo Antena 3, had been condemned by the National Court of Justice to pay 193 million euros to Radio Blanca, a music radio channel. In the last years Onda Cero agreed with Radio Blanca to pay a fixed amount for each radio listener, but finally did not commit to the contract due to the spectacular and unforeseeable increase of the number of Radio Blanca listeners. Therefore Radio Blanca decided to raise the case to the National Court of Justice. Grupo Antena 3, the Matrix of the company, had announced several measures in order to assume its responsibility for the payment. Concerning Labour, the measures were to dismiss 170 of Onda Cero's workforce. Final agreement between the management of Onda Cero and Labour Representatives has seen 114 dismissals out of its 876 employees, which represents 13% of the company's workforce.
Eurofound (2004), Onda Cero, Internal restructuring in Spain, factsheet number 60344, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60344.
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...
