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.
Indesit, one of the biggest world manufacturers of household appliances, is to close two sites in Italy, with the consequent loss of around 500 jobs. The company has announced the 2010-2012 reorganization plan for its Italian sites, which envisages the closure of the plants located at Brembate (in the province of Bergamo), and at Refrontolo, in the province of Treviso. The plants have around 400 employees and 95 employees respectively. Moreover, the plan provides for EUR 120 million of new investments for the other Italian plants.
The company has announced the aim to find, with the trade unions, adequate measures in order to reduce the negative social consequences of the reorganization plan. The trade unions disagree with the decision to close the two industrial sites.
In Italy, Indesit has around 5,500 employees and eight sites.
Eurofound (2010), Indesit, Closure in Italy, factsheet number 70634, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70634.
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...
