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.
Romania is on the short list of the world's number one mobile phone manufacturer Nokia, which intends to carry out an investment that could exceed 200 million Euro. Officials of the Finnish group visited a number of locations in the country and according to a local source they seem to be leaning towards Cluj, Tetarom industrial park, for the construction of a plant to manufacture mobile phones. 'We will sign a memorandum with Nokia next week. It is a 200 million Euro investment,' Marius Nicoara, a local authority representative of Cluj, told Reuters. The Romanian government will co-finance the investment with 30 million Euro by setting up the infrastructure of the industrial park Tetarom, including the electricity, running water and sewerage systems. The Nokia plant is expected to employ up to 15,000 people in time with 2-3,000 in an initial phase. The agreement between Nokia and local council Cluj was signed on 26 March 2007 in Bucharest in the presence of prime minister Calin Popescu Tariceanu.
Eurofound (2007), Nokia, Business expansion in Romania, factsheet number 65143, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65143.
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...
