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 French subsidiary of EDS (Electronic Data Systems) has announced the closure of three sites employing 140 people. However, the Group plans measures in to safeguard the jobs of a maximum of 80 employees EDSis a global technology services company that delivers business solutions. The Company delivers a portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries, and to governments worldwide. EDS employs 139,000 people worldwide and had a turnover of 22,3 billion euros in 2007. The company has explained the closures in the light of the evolution of the competition on the global market : as a consequence, the three plants are no longer necessary. According to the unions the decision is an aftermath of the relocations to low-costs countries such as Hungary, India or China, which aim to reduce the annual losses (up to 30 millions euros)
Eurofound (2008), EDS (Electronic data system), Closure in France, factsheet number 66574, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66574.
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...
