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.
Quelle Österreich, which has become insolvent in late 2009 (see factsheet 14785), will be revitalised in 2011 by its new owner Otto group and thus 100 new employees will be hired.
The mail-order retailer will be headquartered in Salzburg (like its owner Otto), whereas the service center will be located in Graz. 80 percent of the sales are expected to take place via online orders, with the rest being telephone orders. The products on sale will be limited to electronics and furniture/accommodation products, while textiles will not be sold any longer.
The Otto group, which bought the insolvent retailer Quelle Österreich in 2009, is the country's biggest online retailer with 700 employees and expects a turnover of EUR 240 million in 2010, an increase of a third compared to 2009. Quelle is expected to show a turnover of EUR 100 million within the next three to five years.
Eurofound (2010), Quelle Österreich, Business expansion in Austria, factsheet number 71263, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71263.
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...
