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.
Seagate, an American multi-national group that operates in the information technology sector, is to close its site at Limavady with the loss of 900 jobs. The plant, which produces components for hard disc drives, is due to be closed by the end of 2008 and production at the site will be moved to Malaysia. The firm has operated the Limavady site since the end of the 1990s, and since 2001 has received 12 million GBP in grants from Invest Northern Ireland and its predecessor IDB. Plant manager William O’Kane stated: 'This is no way due to the employees. We have a fantastically skilled and fantastically motivated and fantastically inventive workforce which would be an asset to any future employers. However, even with those assets and the improvements we have made in productivity and technology, we have had to bow to the inevitable cost pressures that exist in the Far East.' Northern Ireland Enterprise, Trade and Investment Minister Nigel Dodds said the closure was disappointing for the workforce, the region and the wider Northern Irish economy. He stated: '[It] is a direct result of significantly lower wage costs in Asian competitors, foreign exchange and shipping costs which have created a competitive cost gap of some 15 million GBP per year,' Mr. Dodds also said that senior officials from Invest Northern Ireland were working with the company and the Department of Employment and Learning on a joint approach to retrain and reskill the affected staff.
Eurofound (2007), Seagate, Offshoring/Delocalisation in United Kingdom, factsheet number 65985, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65985.
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...
