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.
Salomon (whose owner is the Finnish sports equipment group: Amer Sports Corp.), has announced the loss of 370 jobs in Rumilly and Metz-Tessy (Haute Savoie) before the end 2006. Amer Sports Corp., which bought Salomon from Adidas in October 2005, said the job cuts are aimed at boosting competitiveness. Salomon employed 1,500 people before the job cuts. The ski production will be relocated to Romania and other Eastern European countries. Amer Sports Corp expects to save more than EUR 40 millions by the end of 2008 as a result of this. In December 2005, the management team of Amer Sports Corp announced (but not realized) the loss of 378 jobs. 800 jobs had already been suppressed since 2004.
Eurofound (2005), SALOMON, Offshoring/Delocalisation in France, factsheet number 62714, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62714.
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...
