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.
On 24 September 2010 Asia Food Kft announced their plan to build a noodle factory in Verpelét, Hungary, which will employ 150-200 workers by mid 2011. The French owned company produces frozen Chinese noodle products. Most of the products will be exported to Italy and France.
The local government offered the 5400 square meter former barrack for the generous price of 3.4 Euro/m2, in order to encourage development. The municipality of Heves has an 18% unemployment rate, but this new investment could increase employment and attract more business to the region.
Update 23.03.2012: The company announced the start of production with 70 employees from 1 April 2012, and will hire further 180 employees until he end of 2012.
Eurofound (2010), Asia Food, Business expansion in Hungary, factsheet number 70977, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70977.
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...
