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 August 2005, half of the 210 employees of Abrom company in Bârlad (Nord-Est region, Vaslui county) were set to be made redundant, at the proposal of the Authority for State Assets Recovery (Autoritatea pentru Valorificarea Activelor Statului, AVAS).
In October 2005, the government issued a decision which raised the number of redundant jobs to 170.
Abrom is the second major producer of abrasive components in Romania. In 2002, the company was privatised, with 77% of its shares bought by employees. As Abrom subsequently found itself on the verge of bankruptcy, it reverted to the state portfolio and according to the law is currently being reorganised.
The management of the company maintains that AVAS had in view the company's recovery. The general manager of Abrom declared 'We are attempting an economic recovery which is difficult to achieve, if we consider the large number of debts towards the state and several providers of raw materials. Despite the redundancies we are trying to double production and to contract new partners to extend the commodity market'.
Eurofound (2005), Abrom, Internal restructuring in Romania, factsheet number 62200, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62200.
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...
