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.
Gaggia is one of the most important Italian manufacturers of coffee machines for professional and household use. It was set up in 1947 by Achille Gaggia, who, in 1938, patented the modern steam-free coffee with cream machine (the so-called "moka" coffee machine).
Gaggia is currently owned by Saeco, one of the world leaders in the production of coffee machines for household and professional use.
On 21 March 2007, Gaggia announced a reorganisation plan that envisages the closure of the production division in Robecco sul Naviglio, with the consequent loss of 104 jobs. The company’s decision was mainly due to a significant drop in market demand. The low-cost electrical coffee machines, mainly produced in China, are currently in higher demand than the Gaggia coffee machines.
The trade unions reacted to the company’s decision by taking several forms of industrial action and demanding the involvement of the local authorities in order to find ways to avoid the redundancies envisaged by the reorganisation plan.
Eurofound (2007), Gaggia, Internal restructuring in Italy, factsheet number 65145, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65145.
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...
