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.
Japanese owned cable harness manufacturer, Euro Wire and Cable Services (EWCS), has initiated the closure of its Tatabánya plant. The measure will affect all 174 workers employed in the wire harness production facility. Mass redundancy was decided in February 2009 and workers are to receive layoff notice between March and April. The company promised to help dismissed workers raising their redundancy money.
The Hungarian unit has supplied the automotive and medical equipment industries since 1997.The closure of the plant was justified with the falling demand for the products manufactured at the Tatabánya facility caused by the global economical crisis.
The Hungarian plant is part of Himeji-City (Japan) based Hayakawa Densen Kogyo Co.Ltd., which was founded in 1964. The company has production facilities in Asia, America and Europe.
Eurofound (2009), Euro Wire and Cable Services (EWCS), Closure in Hungary, factsheet number 68643, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68643.
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...
