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.
As part of a major internal restructuring scheme, Okin Kft (previously known as Dikon Készülékgyártó Kft) is to create 150 new jobs at its Hajdúdorog plant which currently employs 350 people. Job creation will occur on a phased basis by the end of May; the new jobs are for engineers, operators, storemen and logistics organisers and will be offered first to workers who were made redundant at the recently closed plant in Várpalota. It is reported that fifty of them accepted this offer even though they have to commute daily some 150 kms. For the remaining positions, Okin intends to contract local workforce.
Okin Hungay is part of Okin Gesellschaft für Antrebstechnik GmbH & Co. KG with headquarters in Gummersbach (Germany). The Hungarian facility produces electric furniture moving machines for medical, office and wellness use.
Eurofound (2009), Okin, Internal restructuring in Hungary, factsheet number 68422, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68422.
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...
