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.
The multinational Italian tyre manufacturer, Pirelli, has decided to close its factory in Manresa (Barcelona) at the end of this year and to dismiss a total of 560 employees. Pirelli's plans have changed in just over a year, from promising the construction of a new factory in the outskirts of the urban area of Manresa, to presenting a redundancy dismissal procedure and announcing its subsequent closure. Pirelli, this January, agreed on a redundancy dismissal procedure for 257 employees which included compensation for 55 days a year for a maximum of 51 months and one hundred early retirements for employees over 57. Additionally, a period of voluntary redundancy was initiated. The company promised to maintain these conditions for the next six years if another labour adjustment was presented. See: http:https://apps.eurofound.europa.eu/restructuring-events/detail/66900
Pirelli has finally presented the Redundancy Procedure before the Labour Department, which is to affect the totality of the Manresa tire plant, currently employing about 500 employees. Dismissals will take place gradually, according to that confirmed by the Works Council of the Manresa factory. With presentation of the procedure, the Italian multinational carries out that announced last year, in that by the end of 2009 it will no longer be producing tires at the Manresa plant, although the plant will remain open for other functions, with the company's Works Council marking-out the objective of negotiating this redundancy procedure under the best possible conditions. The current procedure is to affect 491 workers and the company's intention is to dismiss 70 persons in October, 391 in December and the remaining 30 in March of 2010. 170 workers have been dismissed from Pirelli Manresa since the past month of February under voluntary redundancy modalities.
Eurofound (2009), Pirelli, Closure in Spain, factsheet number 68550, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68550.
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...
