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.
County Council Prahova has developed a restructuring programme for Dalkia Termo, a company subordinated to the County Council Prahova, that produces and distributes thermal energy to residential and industrial consumers in the city of Ploiesti (Sud Region).
The Company currently has 767 employees of which 37 are operators in the control room. Most employees have a considerable length of service. Only 25 have less than 10 years’ length of service, while 321 have been with the company for more than 10 years and 421 for over 20 years.
According to the restructuring programme adopted by the County Council, 252 jobs will be made redundant. The programme is intended to increase efficiency in production and distribution of the heating agent. With fully automated equipment in place, retention of employees is no longer justified. Out of the total number of affected employees, 37 will be redistributed to other departments in the company, but the remaining 215 will lose their jobs. A social programme will be run over a four month period, to aid redundant workers find other jobs.
Eurofound (2005), Dalkia Termo, Internal restructuring in Romania, factsheet number 61611, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61611.
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...
