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 the 12 November 2010, The Tyrolean manufacturer of abrasive products Tyrolit announced that it has created some 100 new jobs since the beginning of 2010 and now employs 1,100 workers.
The company, which belongs to the Swarovski group, located in the Tyrolean town of Schwaz, expects an increase in turnover of 25% for 2010, nearly reaching the EUR 500 million margin. From May to November 2009, the comany's workers were working part-time due to a decrease in orders. The company employs over 4,400 workers at 28 different production plants in 13 countries worldwide. According to their own declaration, the company is one of the biggest manufacturers of bonded abrasive, mechanical cutting, drilling and dressing tools, as well as special machines for the construction industry.
Eurofound (2010), Tyrolit, Business expansion in Austria, factsheet number 71209, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71209.
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...
