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 3 November 2010, ZF Hungary announced that it is to hire 170 workers in Eger (Hungary) by the end of this year. Over the past years, the crisis has forced the company to reduce its workforce. For example, in 2008 they had 800 employees and during 2009 there were only 658 employees due to a series of dismissals.
The company is looking to recruit qualified gearbox mechanics, storage quality controllers, mechanical engineers and strategic purchasers. The company anticipates that the increase in production will boost market demand and employment at suppliers within a 30kms radius of the company.
ZF develops and produces transmissions, steering systems, axles, and chassis components as well as complete systems for passenger cars, commercial vehicles, and off-road machinery. Since German ZF AG bought the Csepel Auto factory in 1995, ZF has been operating in Hungary and has invested around 200 Million Euros.
Eurofound (2010), ZF Hungary, Business expansion in Hungary, factsheet number 71143, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71143.
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...
