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 2005, 100 employees from the company Miniera Banat Anina (Anina, Western region, Caraş-Severin county) were made redundant.
In January 2006, new redundancy figures were approved by the Government Decision no. 78 of 19 January 2006.
Collective redundancies at Miniera Banat Anina will total 500 people: 100 people in 2005 and another 400 employees in 2006.
Miniera Banat Anina is a state-owned company involved in the extraction, preparation and delivery of mineral coal and energetic coal from three mining exploitations in the Caraş-Severin county (Western region): Anina, Baia Nouă and Ponor.
Redundancies are set to continue in the years to come, as part of a wider restructuring process which also involves a complete cut in state subsidies for hard coal by 2010.
Redundant miners will receive compensatory payments and will benefit of other policy measures which will tackle social and economic issues in many other mining areas of the country confronted with the same process of downsizing.
According to Law no. 10/2001, Miniera Banat Anina has set aside 20% of its shares to be granted to former owners, as part of a wider process of privatisation following the principle of ‘restitutio in integrum', which will be launched later in 2005.
Eurofound (2005), Miniera Banat Anina, Internal restructuring in Romania, factsheet number 61858, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61858.
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...
