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.
Hunnia Húsipari Kft. is to initiate a mass redundancy programme affecting all of its 149 workers after its production was stopped on 23 February. The now privately owned plant grew out of the slaughterhouse and meat processing plant of the city of Keszthely founded in 1956. Though later it became part of the county's meat processing factory, in 1992 it regained its independence. Subsequently it was privatized, and finally, in 1997, the company adopted its present name. Though the company implemented various quality standards like the ISO 9001 in 2004, it could not evade the growing impact of the global credit crisis. The company's bank refused to carry on the firm's pending HUF 120 million (EUR 408,000) debt, leaving thus workers without their last salary.
Eurofound (2009), Hunnia Húsipari, Closure in Hungary, factsheet number 68794, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68794.
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...
