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.
Car industry supplier Denso Hungary Kft. announced on 10 July 2009 it will lay off 800 workers, representing almost 20% of the firm's workforce, starting from 1 October. The restructuring is a consequence of contraction in the global car industry. The company has previously implemented a variety of cost saving programmes, such as shift reduction and implementation of a 4-day work week.
For those employees who agreed to leave the company on a voluntary basis, the firm offered two months extra salary, beyond those benefits required by law. In case further cuts should be needed, the company plans to lay off those employees who have had disciplinary problems since 2004.
The Hungarian plant is part of Denso Corporation, with headquarters in Kariya (Japan), and produces parts for diesel engines.
Eurofound (2009), Denso Manufacturing, Internal restructuring in Hungary, factsheet number 69618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69618.
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...
