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 US-owned Flexsys Rubber Chemicals, has announced the closure of their chemical factory at Cefn Mawr, Wrexham with a loss of 163 jobs. The closure of the site will take place over the next three years, but the companies operations will cease by the end of 2008.
The company has made chemicals for the rubber industry on the site since 1995, but the site itself has been used for that purpose since 1930's. The company blamed increasing competition from the Far East for the closure, stating that the decision had been made in order to secure wider business interests. The company announced that it would do everything it could to assist its employees. The Union greeted the announcement with shock saying that it had negotiated downscaling and that workers had assumed that their jobs were safe.
Eurofound (2008), Flexsys Rubber Chemicals, Closure in United Kingdom, factsheet number 66660, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66660.
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...
