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.
Employing 161,310 people in 2004, Électricité de France (EDF) is Europe's largest electricity utility and supplies 22% of the European Union's power needs. The French group announced plans to cut its workforce in the next two years. According to management, about 6,000 jobs will go by replacing only 'one in three or four' of the 9,000 employees retiring until 2007. This reduction represents about 3.72% of its total workforce. Following the announcement, shares of the state-controlled energy group EDF rose above their issue price of €32 for the first time since the flotation of the company on 21 November 2005. Unions have fiercely protested against what they perceive as a financial project, expressing concerns about capital expenditure underinvestment that might impact on the security of supply of the EU power system.
Eurofound (2005), EDF Energy, Internal restructuring in France, factsheet number 62630, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62630.
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...
