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.
SAS Technical Services announced it would proceed with local efficiency enhancement, cost reductions and further development of production units in Norway and Sweden in order to adapt to the market conditions. The company explained that medium-heavy and heavy aircraft maintenance was particularly subject to competition. The restructuring measures are part of the SAS Group's Turnaround 2005 program and involve a reduction of about 120 jobs for medium-heavy and heavy maintenance and about 80 jobs in line maintenance. The implementation of this plan is expected to be completed before the summer of 2006. SAS Technical Services is a company that is wholly owned by the SAS Group. Its operations comprise technical aircraft maintenance and logistics for approximately 250 aircraft. The number of employees totals 3,700 and the company has production bases at Stockholm Arlanda, Copenhagen Kastrup, Oslo Gardermoen, Stavanger Sola, Bergen, Gothenburg and Tallinn. Sales amount to approximately SEK 5 billion annually.
Eurofound (2005), SAS Technical Services, Internal restructuring in European Union, factsheet number 61861, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61861.
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...
