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.
On 1 November 2009, the technology group Gea announced a further loss of up to 1,000 jobs worldwide. Job cuts are part of a restructuring programme, which will reorganise Gea's business segments by 1 January 2009. The job cuts will mostly affect employees in the thermal engineering segment. The company seeks to realise annual savings of over 65 million EUR from 2012 onward from the programme. The announcement follows Gea's notice given in March that some 2,000 jobs were to be shed by the end of the year. (see factsheet 68512). The company specialises in mechanical engineering and employees about 20,000 worldwide.
Eurofound (2009), Gea, Internal restructuring in World, factsheet number 69806, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69806.
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...
