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.
SEZ, a supplier of single-wafer wet-processing solutions, plans to lay off 60 of its around 550 employees at its plant in Villach. The redundancies will come into effect between 15 January and 13 February 2009. The company has been operating at a significant loss since 2007. Therefore, the planned dismissals would be inevitable, management argued. The latter has offered a social plan to the employees affected by the restructuring; however, this social plan has been criticised by the Chamber of Labour of Carinthia as by far not satisfying, in particular in terms of its funding by the company. SEZ is, since March 2008, a division of the US-based LAM Research Corporation.
Eurofound (2008), SEZ, Internal restructuring in Austria, factsheet number 68010, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68010.
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...
