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.
Since 2003, the cotton spinning factory Baltex 2000 is facing economic difficulties. In the middle of October 2005, the management sent workers to forced vacation for three months. The management of Baltex 2000 announced that they need to improve the machinery and to concentrate their activities in the future to the production of high-quality textile. During the restructuring process the number of workers will diminish from 600 to 450. After the management's announcement of restructuring at the end of September 2005, workers who are able to find a new job are quitting voluntarily instead of waiting their dismissal. By mid-October more than 80 workers have left company on a voluntary basis.
Eurofound (2005), Baltex 2000, Internal restructuring in Estonia, factsheet number 62488, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62488.
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...
