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.
Retail-to-luxury company PPR SA is to shed 400 jobs at its chain FNAC, a books-to-music retailer based in France. The cuts are part of a large cost-cutting plan aiming at saving EUR 35 million in three years. The cuts represent 3.4% of the companies workforce. 168 of these jobs cuts will be in Paris. 60 jobs out of the 168 will be cut with the closure of the only music-dedicated store in Paris located on the Bastille place. The 60 job losses will be effective by the end of 2009. The company said that there will be no more store closures as part of this restructuring. All of the other 340 jobs cuts are to be sought via internal restructuring.
Eurofound (2009), FNAC, Internal restructuring in France, factsheet number 68309, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68309.
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...
