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.
Panasonic Electronic Devices, a company which makes audio speakers for cars, is to shut its factory at Port Talbot with the loss of 250 jobs. Staff at the Panasonic Electronic Devices were told on Friday that increasing competition and price pressure had led to significant losses. Panasonic said it planned to close the plant by the end of the year, but said it was too early to say if some staff could be transferred to other sites. The company has now begun a 90-day consultation period with employees and the unions. Cath Speight, regional secretary with Amicus, said the plant had made huge strides in efficiency, productivity and quality over the past 18 months. She said that they were "very disappointed" and would work with the company to try to reverse the decision and save as many jobs a possible.
Eurofound (2006), Panasonic Electronic Devices, Closure in United Kingdom, factsheet number 63216, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63216.
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...
