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.
Cetis is a printing company employing 440 people. The company's sales used to depend strongly on the government procurement. At the beginning of 2005, the government suddenly cancelled contracts for the printing of passports and stickers to be used for each car proving the fulfillment of technical requirements. As a result, the company lost SIT 800 million of its annual turnover and finished the year with a loss of SIT 600 million. Problems with customers were accompanied by ownership changes. The majority of shares was sold by the then management to a local investment company Zvon 2. In 2006, Cetis regained some of its orders for the authorities like printing of biometrical passports and some other official documents. The company has began to produce new products (photo-bags for laboratories) and entered into a services sector as well. At present, some 90% of Cetis's turnover comes from printing and publishing and only 10% from services. In the future, the company expects to raise the share of services to 70%. As a result of these events, in 2005 Cetis reduced the number of employees by 30 and expects to reduce it by another 30 in 2006. All job cuts were and will be done either by retiring some employees or by reaching an agreement with other affected employees. The company's management expects to enter into a new employment cycle in the future, due to the changed structure of their production.
Eurofound (2006), Cetis, Internal restructuring in Slovenia, factsheet number 64455, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64455.
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...
