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.
Vattenfall Europe, the German subsidiary of Swedish energy supplier Vattenfall Group, is to cut 1,500 out of 21,000 jobs in Germany. This is part of a cost cutting programme of €340 million. €180 million are to be saved by reducing labour costs. Direct dismissals will be avoided as the company has signed a collective agreement that excludes direct dismissals until the end of 2012. Hence, job cuts will mainly be realised by implementing an early retirement scheme. As of March 2010, there is no information on when the measure is to be implemented. In addition, Vattenfall's service unit VEK employing 900 people is to be sold. The United Services Union ver.di called for protests.
Eurofound (2010), Vattenfall Europe, Internal restructuring in Germany, factsheet number 70249, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70249.
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...
