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.
Anglo-Dutch oil company Royal Dutch Shell is to cut another 1000 jobs following the announcement that it's annual profit was down by 69% to $9.8bn for 2009. The job cuts follow 5000 job losses last year, and were announced as part of a plan to save $1bn in 2010; the fall in profits necessitating these actions has been blamed on a diminished demand for oil and a weak global economy. The positions to be cut will mostly be corporate staff and those involved in 'downstream' activities such as refining. Shell plans to sell its refineries in Stanlow in Cheshire, UK, Montreal, Canada as well as Heide and Harburg in Germany. No figures were given for how many people are employed by the company worldwide.
Eurofound (2010), Royal Dutch Shell, Internal restructuring in World, factsheet number 70152, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70152.
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...
