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.
Apollo Tyres, India's largest tyre manufacturer, is to create 1500 new jobs by developing a new plant in Gyöngyös, Northern Hungary, near Budapest. So far the plant is the biggest investment by an Indian firm in Hungary, which will reach €200 million in the next 18 months. It is expected that 900 jobs will be created in the first phase and another 600 people will be employed in the second phase in 2010. Primarily unskilled workers will be employed. Production would be in the scale of seven million tyres per year and would serve primarily European and North American markets. The Hungarian governement offered subsidies in the amount of HUF 7 billion (€27.43 million) for the investment.
Eurofound (2008), Apollo Tyres, Business expansion in Hungary, factsheet number 66258, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66258.
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...
