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.
Due to the expansion of opening hours, the Austrian BAWAG PSK retail bank is to hire 100 new employees. In more than 400 branches Bawag runs together with the Österreichische Post AG in the 'exposed areas'. The working hours of bank employees will be from 8am to 6pm even on Saturday mornings. First pilot projects have already started.
The bank, which has initiated a big internal restructuring project in 2010 (see factsheet 15489), has asked the Telekom Austria to transfer its surplus employees with the guidance of trade unions. In the Telekom Company, some 800 employees out of its total 10,000 are currently not needed but cannot be laid off (for more information, see factsheet 16288). The expansion of opening hours is part of a sector-wide offensive of extending counter opening hours.
Eurofound (2011), Bawag PSK, Business expansion in Austria, factsheet number 71716, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71716.
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...
