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.
Frigoglass, the world's largest maker of drinks refrigeration equipment, is to cut 120 jobs at its Patra site in Greece.
The company announced on 16th January, 2009 its intention to reduce the workforce to 90, due to the anticipated decrease of production by 72% for 2009, offering a voluntary exit plan and incentives such as the doubling of the legal redundancy pay and six net monthly wages.
Frigoglass also announced the closure of its plants in Norway and Poland, restructuring plans in its Russia, Romania, Turkey and China factories and lowering its general and operational costs.
The General Confederation of Greek Workers (GSEE) opposed this announcement, expressing its "strong dissent for decisions under the pretext of the international economic crisis”. GSEE called on the Minister of Employment “not to approve the 120 collective redundancies” and the Administrative Board of Frigoglass “not to insist on such an anti-labour and anti-social decision”.
Frigoglass is a Hellenic-based global corporation, specializing in the design, manufacture and marketing of Ice Cold Merchandisers and the production of Glass Containers, primarily targeting the beverage industry. Today, the Frigoglass Group comprises 16 production facilities and 14 sales offices in 14 countries.
Eurofound (2009), Frigoglass, Internal restructuring in Greece, factsheet number 67858, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67858.
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...
