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.
REC, headquartered in Oslo, Norway, is the world's largest producer of solar grade silicon and wafers for solar applications, as well as a significant producer of cells and modules. REC Silicon and REC Wafer are the world's largest producers of solar grade silicon and wafers for solar applications. REC Solar produces solar cells and solar modules. Today the company has plants in USA (polysilicon), Glomfjord and Herøya (wafers), Narvik (solar cells) and Glava, Sweden (cells) with a total workforce of 1,100.
On 20 September 2006 the company announced the decision to invest NOK 700 million to expand the REC Solar plant in Narvik that produces solar cells. This will generate a need for about 175 new employees by 2nd quarter of 2008. A part of the cells will be sent to the Swedish plant that produces solar cell panels where NOK 100 million will be invested to double the production. Earlier this year REC decided to invest USD 600 million in its polysilicon plant in USA.
Eurofound (2006), REC, Business expansion in Norway, factsheet number 64609, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64609.
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...
