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.
Promet Steel JSC is planning within 18 months to have its own electric furnace for steel teeming. This will allow the factory to be independent from the international markets and less affected from market changes. The new capacities will ensure a production of 600,000 tons of steel per year. The new plant will be built with the help of the Austrian company Voest Alpine Industrialagenbau and will meet the highest world standards. Management is also planning to build a new wire rod line with various diameters. All those developments are expected to ensure 300 new working places. The planned investment is €36 million. Promet Steel is one of the three steel factories in Bulgaria together with Kremikovtzi (bought mid August 2005 from Global Steel Holdings of the Indian billionaire Lakshmi) and Stomana-Pernik. In 2004, the firm has exported more than 200,000 tons of steel to the USA, which remains the main export destination. The firm also exports to the Balkan states and has acquired an export certificate for Spain. Such certificates are to be acquired for Portugal and Austria as well.
Eurofound (2005), Promet Steel JSC, Business expansion in Bulgaria, factsheet number 62124, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62124.
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...
