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.
Hankook, a Korean multinational tyre manufacturer, plans to create 300 new jobs by doubling capacity of its plant in Dunaújváros (approximately 70 kilometres from the Hungarian capital city of Budapest). Daily capacity is expected to increase from 15,000 to 31,000 tyres by 2010. To achieve this objective, the area of the plant in Dunaújváros will be expanded by 40%. Construction work will start in June 2008 and end in 2009. Hankook has already applied for the necessary environmental licenses for the expansion. The Hungarian site was established in 2007, with manufacturing operations having begun at the end of June 2007 with a workforce of 750 staff.
Eurofound (2008), Hankook Tire, Business expansion in Hungary, factsheet number 66713, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66713.
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...
