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.
VKG Oil, the thermal processor of oil shale, announced the launch of a new plant in Kohtla-Järve which will employ 100 people. The recruitment process started already in January 2009.
The new oil shale processing plant was launched in December 2009 and is planned to start operating at full capacity in 2010. Preparations for the new plant started in the company already in 2002, construction was initiatied in 2007. The plant was finalised in October 2009.
VKG Oil is the biggest oil shale chemical industry in Europe, the main field of activity of which is thermal processing of oil shale. Before the expansion, the company employed 560 persons. Fuel oils and coke are mainly marketed to foreign markets, bitumen to the local market. VKG Oil is the subsidiary of Viru Keemia Grupp which is the biggest oil shale processing company in Estonia.
Eurofound (2009), VKG Oil, Business expansion in Estonia, factsheet number 70027, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70027.
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...
