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.
TCG Unitech, a Slovenian manufacturer of aluminum alloys and tool-making facilities for on-site use, has announced that it is to cut 300 jobs by the end of 2008. The job losses are attributed to the economic downturn affecting the car manufacturing industry (Unitech’s main customer). Dismissals will be avoided and job losses will be implemented by non-renewal of fixed-term contracts and through natural decline (departures/retirement). Workers holding permanent contracts will not be affected by the restructuring. TCG Unitech is largely owned by the British Trident Components Group (TCG). The management says that further reduction of employment may be necessary if the recession continues.
As of February 2009, the reduction of orders in the range of 30% is higher than expected, therefore the employment was further reduced, i.e. by 500 people altogether.
Eurofound (2008), TCG Unitech, Internal restructuring in Slovenia, factsheet number 66512, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66512.
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...
