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.
Spanish company Cikautxo invested € 3 million in the establishment of a subsidiary, Cikautxo SK, which started regular production in late 2005. The company took over the premises of a closed-down subsidiary of the Czech company Sigma in Nové Zámky. The plant will produce pressed rubber parts and tubes for the automotive industry as well as white domestic appliances. According to the head of the company's logistics department, Richard Maglodi, currently the subsidiary employs 50 people but the mother company intends to invest a further € 2 million in the next two years. This will lead to an increase in the number employed to about 600 in the next three to five years. Currently, Cikautxo SK produces mostly components for white domestic appliances and the whole production is exported to other EU countries, mostly to the Czech Republic, Italy and Spain. However, from April 2006 the production of components for the automotive industry will increase.
Eurofound (2006), Cikautxo SK, Business expansion in Slovakia, factsheet number 63186, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63186.
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...
