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.
Continental, a producer of tyres and automotive technology, announced on 22 November 2005 the end of the car tyre production at its plant in Hannover. According to Continental, Hannover is the smallest and most expensive of its car tyre plants. With demand growing less strongly than expected and overcapacity building up, the management had no choice but to close the Hannover plant, it was reported. Just a few months ago, workers had accepted longer working hours in order to save their jobs. Trade union IG BCE has announced resistance to Continental's plans. On 06 December 2006, it was announced that the management of Continental and its works' council concluded a social plan. The social plan specifies that altogether 370 jobs will be lost, 320 jobs as mentioned before at the plant in Hannover.
Eurofound (2005), Continental AG, Closure in Germany, factsheet number 62543, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62543.
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...
