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.
The Spanish airline company Iberia has presented a job reduction plan creating 1,500 redundancies out of 24,667. The measure is part of a plan which intends to reduce costs by €680 million by 2008. While the job reduction plan has been presented to the regional authorities, negotiations are still been carried out with the labour representatives. High oil price and the development of low cost airlines have been determinant factors for the company to present the job reduction plan.
On 14 October 2005 the company gave more details on the restructuring. Iberia announced the job reduction will affect 203 pilots and 1,297 staff employed in airports and Iberia centres.
On 25 October 2005, the company announced the total redundancies affected by the job reduction plan will be 2,164 till 2008. 1,297 employees will be made redundant in the Iberia centres and airports staff. 867 cruise cabin employees, of which 203 pilots will be made redundant.
Eurofound (2005), Iberia, Internal restructuring in Spain, factsheet number 62390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62390.
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...
