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.
A prior announcement was made last September to delocalise part of the activity of Continental Autoradios in its site of Rambouillet (near Paris). This is due to the financial crisis affecting the whole automotive sector as well as the need to cut production costs.
The decision to delocalise part of the production to Tunisia, will take place within four phases: in early April, 88 jobs will be cut, 110 posts in the third term of 2009 and finally 59 jobs in the first three months of 2010. There will be an additional 125 jobs cut at the end of 2010.
Continental's Works Council and the management agreed to implement a volontary departure plan by the end 2010. This programme - open for six weeks - is meant to help staff who wish to leave or who have a project outside the company. Other possible job measures are early retirement, creation of a company or training. A commission set up of staff, trade unions and management will examine the applications.
Eurofound (2009), Continental Autoradios, Offshoring/Delocalisation in France, factsheet number 68333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68333.
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...
