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.
In January 2005 Karmann is considering the possibility of job cuts. Works council fears that over 600 of the 5,900 jobs at its site in Osnabruck may be under threat. However it is said that all possible options will be examined in order to avoid forced redundancies. These might include shorter working time or age-related rationalisation. This plan comes in reaction to the weak sector market and the resulting threat of a possible lack of new orders for vehicle construction.
At the end of 2004, Karmann announced 120 job losses in the area of operating equipment construction and terminated 770 contracts prematurely. The company is reported to be planning 50 job cuts in the UK and 250 in the US.
On 27 May 2005, Handelsblatt announced that at the end of the restructuring, 700 temporary contracts were not renewed and 500 permanent contracts were terminated.
Eurofound (2005), Karmann, Internal restructuring in Germany, factsheet number 61180, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61180.
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...
