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.
On 20 December 2008, the mortgage bank Hypo Real Estate (HRE) announced a cost cutting measure that will eliminate around 1,000 jobs. Nowadays, HRE employs about 1,800 employees. HRE stated that it wants to reposition itself as a leading specialist for real estate and public-sector finance in Germany and Europe. The bank estimates that the current measure will lower annual costs by 200 million euros by 2011 and another annual 250 million euros by 2013. However, the restructuring measure will incur one-time costs of 400 million euros. HRE stated that the job cuts were also necessary to fulfil the requirements to receive further financial support from the national government. First news of HRE’s financial crisis had reached the public in September 2008. To date, no announcement has been made as to how the job cuts will be managed.
Eurofound (2008), Hypo Real Estate, Internal restructuring in Germany, factsheet number 67724, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67724.
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...
