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 Tyrolean, family-run glassware and jewellery maker Swarovski announced on 25 March 2009 that it will cut 600 jobs at its headquarters in Wattens by the end of 2009. An additional 500 jobs are planned to be relocated abroad in the course of 2010 - a majority of them to central or eastern Europe. According to the company, this move is inevitable due to exacerbated competitive conditions. Whereas technology-based and know-how driven production stages shall remain at the headquarters in Wattens, a range of manual assembling activities shall be shifted to countries with lower labour costs.
At present, the site in Wattens employs some 5,600 workers. The employees affected by the lay-offs will be eligible to enter an existing regional re-employment scheme.
Eurofound (2009), Swarovski, Offshoring/Delocalisation in Austria, factsheet number 68835, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68835.
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...
