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.
The South — Korean shipbuilding company Daewoo Mangalia Heavy Industries (Constanta county, South-East region) announced that in 2008 will hire approximately 300 workers from Asian countries. The decision is motivated by the migration of Romanian skilled workers and by the cost of Asian labour force, lower with 20-30% than the local workforce. The company currently employs 3,600, of which 68 are from Vietnam and 48 from China. The average gross monthly wage in the company is EUR 700.
Eurofound (2008), Daewoo Mangalia Heavy Industries, Business expansion in Romania, factsheet number 66422, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66422.
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...
