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.
STMicroelectronics is one of the world's largest semiconductor companies and is market leader in fields such as camera modules for mobile phones and semiconductors for set-top boxes and power management devices. The group has around 50,000 employees, 16 advanced research and development units, 39 design and application centres, 17 main manufacturing sites and 78 sales offices in 36 countries. In 2005, the company carried out a broad reorganisation plan with the consequent loss of around 3,000 jobs worldwide. In July 2007, the Italian-French company announced a new reorganisation plan that envisages the closure of three plants. Two of these plants are in Phoenix and Carrollton in the United States, and one is in Casablanca in Morocco. The closure of these plants is expected to occur in the next two to three years, and around 4,000 jobs will be lost. The firm has taken this decision in order to reduce its operative costs, and will relocate production in countries with lower labour and transfer costs. The company will also provide economic incentives for voluntary redundancy and will offer different income support and retraining measures to support the redundant personnel.
Eurofound (2007), StMicroelectronics, Offshoring/Delocalisation in World, factsheet number 65623, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65623.
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...
