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.
Vetrosilex, a manufacturer of glass containers for food and beverages, belonging to the Owens Illinois group, is to close its plant in Castelmaggiore, in the province of Bologna, with the consequent loss of 102 jobs. According to the company, the closure is mainly due to the drop in the demand. Consequently, the company has decided to move mass production to its other plants located in Italy.
The trade unions reacted to the company’s decision by going on strike. Moreover, the trade unions are trying to involve the local authorities in order to find measures aimed to avoid the redundancies.
Owens Illinois is the largest manufacturer of glass containers in the world. It has over 100 manufacturing plants on five continents and employs nearly 30,000 people. In Europe, Owens Illinois has operations in 11 countries, including 39 plants and 78 furnaces, and specializes in glass packaging for food and beverages.
Eurofound (2008), Vetrosilex, Closure in Italy, factsheet number 67052, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67052.
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...
