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.
Nokia Siemens Networks, one of the largest telecom manufacturers in the world, announced on 26 June 2007 that it is to create 450 jobs before the end of 2009. Nokia Siemens Networks and the Portuguese Agency for Investment (Agência Portuguesa para o Investimento) signed an agreement for the development of two centres in Oeiras: the Global Networks Solutions Centre (GNSC) and the Global Care Centre (GCC). The GNSC will supply telecommunications services in outsourcing while the GCC will provide technical assistance to national and international telecommunications providers.
Nokia Siemens Networks employs approximately 60,000 around the world and its headquartered in Helsinki (Finland).
Eurofound (2007), Nokia Siemens Networks, Business expansion in Portugal, factsheet number 65557, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65557.
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...
