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.
TCL Multimedia Technology Holdings Limited and Thomson formed a joint venture called TTE in November 2003, which included TCL's businesses in China and emerging markets as well as Thomson's units in Europe and North America.
The company announced on 27 October 2006 that the factory TCL Multimedia Technology Holdings Limited in Angers, employing 610 people, is to cut between 250 and 253 jobs in December 2006 and that, additionally, 110 employees will be pre-retired. The reasons for this decision are that TTE Corp. is going through an internal restructuring process and that the affected factory is not profitable enough.
The trade unions disputed this decision of the group which may affect other European factories in the next weeks. In this sense, TCL Multimedia Technology Holdings Limited, the biggest TV maker in the world, announced it would restructure its loss-making European business, cutting jobs and selling off some assets. The company announced it could stop all sales and marketing activities in Europe other than its OEM (original equipment manufacturing) business.
Eurofound (2006), TCL Multimedia Technology Holdings Limited, Internal restructuring in France, factsheet number 64325, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64325.
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...
