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 tribunal of Grenoble dismissed the restructuring plan announced in February 2009 by Caterpillar, the world´s largest producer of construction and mining equipments, cutting 733 jobs in 2009 in the plants of Grenoble and Echirolles.
The decision was a response to a slumping demand with a decline of 55% in construction and mining equipments orders between 2008 and the forecasts in 2009.
Caterpillar took legal action following the workers' rejection of the plan to end the dispute that had culminated in the detention of the director and his associates. The plan notably entailed the revision of the number of job cuts from 733 to 600.
The Court urged the company to resume talks and negotiations with the worker's representatives and reach an agreement within a two-week deadline.
Eurofound (2009), Caterpillar, Internal restructuring in France, factsheet number 68828, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68828.
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...
