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.
Ferrovie di Stato, the state-owned Italian Railway company, is to cut 10,000 jobs over the next three years. The job losses are due to an initiative on the part of group management to re-organize the company in order to reduce losses by cutting operative costs and by increasing company productivity. These guidelines envisage the loss of around 10,000 jobs over three years, due mainly to the introduction of new technologies and achieved essentially through non-replacement of natural turnover. The announcement was made at the beginning of February 2007, when the top management of the group presented the Italian government with a five-year (2007-2011) reorganisation plan. The main companies making up Ferrovie di Stato are Rfi, a company for infrastructure management, and Trenitalia, a company for the management of railway services. Ferrovie di Stato has around 98,000 employees in a total of ten subsidiaries. Around 54,000 are employed in Trenitalia and around 34,000 are employed in Rfi.
August 2007 – Update
After Ferrovie di Stato and sectoral trade unions discussed the 2007-11 re-organization plan at the start of August 2007, it has been agreed that 650 new jobs will be created in the coming months, almost all of which will be in the area of maintenance. The company and the trade unions will meet again in September 2007 in order to discuss the other parts of the reorganisation plan.
Eurofound (2007), Ferrovie dello Stato, Internal restructuring in Italy, factsheet number 64928, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64928.
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...
