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.
The company Jesmar is specialised in the manufacture of dolls for children and is based in Biar (Alicante, Valencia, Spain). The company, founded in 1946, announced its closure after registering financial problems since January 2001. This measure will create 250 redundancies. Strength of the euro and the strong competitiveness of Chinese products have anticipated the measure, the management admitted. No job reduction plan has been presented yet to the regional authorities.
On 13 April 2005, the company Habitat Humano announced its intention to buy the Jesmar company and to guarantee the continuing of the jobs and activities. Regional authorities have proposed to mediate the talks between both companies.
On 18 October 2005 and after several negotiations with the IVF (Regional Financing Institute of Valencia, Spain) the closure of the plant has been definitively agreed by the management and labour representatives. The Unions are trying now to relocate the dismissed employees to other companies with the aid of the regional authorities.
Eurofound (2005), Jesmar, Closure in Spain, factsheet number 61304, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61304.
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...
