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.
Unilever Austria, a subsidiary of the multi-national Unilever group that produces a range of food, hygiene and other consumer goods, has announced that it is to cut 70 out of the current 330 jobs in Austria, most of them at the headquarters in Vienna. The restructuring programme will start at the beginning of 2008 and be terminated at the end of 2009.
At the same time, the Austrian subsidiary stands to lose part of its autonomy, as some of its marketing activities are planned to be merged with that of its German and Swiss counterparts. Ernst Klicka, the firm’s CEO, stated that part of the employees concerned may be relocated to foreign sites, but actually only very few (if any) are expected to go abroad. Hence, the vast majority of the workforce is planned to be dismissed. These workers shall benefit from a social plan to be drawn up by the management and the works council.
The envisaged staff reduction is part of a comprehensive restructuring programme affecting a number of plants across virtually all European countries.
Eurofound (2007), Unilever Austria, Internal restructuring in Austria, factsheet number 66184, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66184.
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...
