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.
BBVA, a large financial services firm, is to create 200 jobs in Andalusia but simultaneously cut 300 jobs across Spain. The background of the case lies in the decision of BBVA to develop an operative centre in Andalusia to support the firm's operations across Spain. The new centre will manage many of the back-office functions of the whole firm, including the daily administrative functions of other branches. This restructuring will create 200 new jobs in Andalusia and will, according to the firm, allow staff in other branches to become more productive. As part of this plan, 300 job losses across BBVA's sites in Spain are to be implemented. According to several sources, those workers affected by the job losses will either be offered the option of relocation or early retirement.
Eurofound (2007), BBVA, Internal restructuring in Spain, factsheet number 65728, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65728.
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...
