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.
VR Kreditwerk, a firm that provides consultancy to firms in the financial services sector, has announced that it is to cut 300 jobs at its headquarters in Hamburg. 340 are employed at the Hamburg site, and the job losses will be implemented by the end of 2008. VR Kreditwerk is an affiliate of the building society Schwäbisch Hall AG and the saving and loan association DG Hyp. The job losses at VR Kreditwerk follow DG Hyp announcing a cost reduction programme in November 2007. As a result of this programme by DG Hyp, VR Kreditwerk decided to cut jobs at its Hamburg site. As of December 2007, Kreditwerk and DG Hyp are establishing a social plan for those employees affected.
Eurofound (2007), VR Kreditwerk, Internal restructuring in Germany, factsheet number 66117, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66117.
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...
