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.
Computer multinational Siemens announced on 18 March 2010 that it intends to cut 4,200 jobs at its IT subsidiary Siemens IT Solutions and Services (SIS). Around 2,000 of these job cuts will be in Germany, with the remainder in other countries. The company has said that it will aim to carry out the job reductions in as socially responsible a way as possible, although compulsory redundancies could not be completely ruled out. Employee representatives have criticised the announcement.
Siemens announced the carveout of the IT division in December 2009, justifying this step, among other things, by the need to provide the labor-intensive business with more flexible and market-oriented structures. In addition to the current plans to establish a separate legal entity, Siemens intends to create all the conditions necessary for a stand-alone operating business by the start of the new fiscal year on October 1, 2010 and to open up additional entrepreneurial options for strengthening its IT business.
Eurofound (2010), Siemens IT Solutions and Services (SIS), Internal restructuring in World, factsheet number 70302, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70302.
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...
