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.
Valsan, a manufacturer of metal components, has announced its closure in Perosinho (Vila Nova de Gaia) due to lack of financial viability, in spite of the financial support and capital injection of 2.5 million euros received from the government since 2001. This closure will result in the dismissal of 200 workers, some of them with over 40 years of job tenure. Some 30% of the wages from last October are still to be paid, as well as part of the holiday pay.
The Trade Union of Workers in Manufacturing Industry, Energy and Environmental Activities of the North mentioned that Valsan's workers have been promised that a meeting with the Agency for Investment and External Trade (Agência para o Investimento e Comércio Externo) will be held in order to discuss possible interventions to reduce the social impact of the closure. The closure of the company will penalize a region already affected by the economic crisis.
Eurofound (2010), Valsan, Closure in Portugal, factsheet number 71240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71240.
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...
