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.
French pharmaceuticals giant Sanofi-Aventis has announced plans to reduce its French workforce by 927, including 100 jobs at its French subsidiary and 817 sales rep positions. This project is the second plan in 2008.
At an extraordinary works council meeting yesterday, French pharmaceuticals group Sanofi-Aventis announced plans to axe the jobs of 817 medical visitors in France and 110 employees based at the headquarters of its French unit. The management attributed the decision to a variety of factors, including growing competition from generic drug makers and stiffer advertising regulations. Managers at the group say the change has been made necessary by the increasing use of generic medicines, difficulty in accessing the market and declining medicine prices. They say there is no visibility for the sales representative profession, which is ‘under threat’.
Eurofound (2008), Sanofi-Aventis France, Internal restructuring in France, factsheet number 67223, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67223.
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...
