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 closure of the URSA's glass wool plant in Salgótarján (Nógrád County) was announced at the workers assembly held in the company's Polish factory, which manages the Hungarian site too. The Salgótarján facility is the firm's smallest one with a production capacity of 13,000 tons. Although the facility was performing well in recent years and has just finished a major renovation of its furnace, it was hit hard by falling demands in the building industry causing a subsequent 70% decrease in production and a three-week temporary suspension of operation in December 2008. Out of 150 employees, 120 will be dismissed, while the others will remain at the plant to deal with stocking and merchandise of the fibreglass now coming from Slovenia, as company tries to hold on to its local market share.
URSA/URALITA, with headquarters in Madrid, is one of the mayor insulation and sealer suppliers of the European construction market. It has a networrk of 38 production facilities in 35 countries employing approximately 4,000 workers.
Eurofound (2009), URSA Salgótarjáni Üveggyapot, Closure in Hungary, factsheet number 68792, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68792.
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...
