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.
On 31 January 2006, the mobile phone giant Nokia, announced a restructuring programme for its networks and enterprise solutions business group in order to cut 290 jobs. The majority of the cuts will be carried out through redeployment in other business units. However, it is unclear how many of the redundant employees will find new positions elsewhere.
At the end of 2005, Nokia employed 58,874 people globally, of whom 23,485 worked in Finland. Nokia employed 13,237 research and development personnel in Finland at the end of 2005.
Eurofound (2006), Nokia, Internal restructuring in Finland, factsheet number 62906, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62906.
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,...
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