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.
Ercros, chemical product company, presented a Redundancy Procedure on the past 26th of May for its plant in Palos de la Frontera (Huelva). The measures outlined in the adjustment plan include definitive closure of the chloromethane, DCE and electrolysis plants in Palos (Huelva). This means that 123 workers from this plant will be affected. According to Ercros' announcement made today via press release sent to the National Securities Market Commission, the chemical company has presented the unions with an adjustment plan to reduce costs in about 48 million Euros a year in order to confront the drop in demand that has taken place, foreseeing definitive closure of four of its plants and a 22% reduction in staff.
Eurofound (2009), Ercros, Closure in Spain, factsheet number 69318, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69318.
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...
