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.
Fundo Wheels in Hoyanger, which produces aluminium rims for the car industry, announced its immediate closure on February 11th with the loss of 350 jobs.
The company had a surplus for the first time in the first half of 2008, but in the autumn the financial crisis and drop in car sales hit the company hard. On 12th December production was stopped and many employees were temporarily laid off. The company has been unable to continue production. On 12th January, the Board presented a petition for compulsory winding-up. During the period afterwards the company has tried to find new investors for the company to survive, but eventually had to give up as the main customers Volvo and Audi were unable or unwilling to contribute to a solution.
Eurofound (2009), Fundo Wheels, Closure in Norway, factsheet number 68142, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68142.
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...
