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.
The British medical laboratory Glaxo Smith Kline (GSK) announced on 29 September 2006 that it is going to invest 500 million euro to increase its factory in Saint Amand les Eaux, in the north of France. The site, currently employing 125 people, will produce 'Cervarix' only, the future vaccine of GSK for the prevention of the cervix cancer. 300 new jobs are expected to be created between December 2006 and December 2009. The group also announced that it might create 300 additional jobs before 2011 if the new vaccine is successful. GSK employs 100,000 people in the world and 5,600 in France.
Eurofound (2006), Glaxo Smith Kline, Business expansion in France, factsheet number 64168, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64168.
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...
