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.
Debreceni Hús has announced the closure of its slaughterhouse and meat processing unit by 1 July 2011 and the dismissal of 395 employees and 100 subcontracted employees. The announcement was made after the employees' representatives were informed; the negotiations about the social plan (compensation, labour market reintegration measures etc.) have started.
The local authority has underlined the importance of these units, as the brand "Debreceni" should be produced in Debrecen and it will be very difficult for the redundant employees to find another job in the region. The Debreceni group has three other plants in Hungary. Production activities will be relocated from Debrecen to the other units.
Last summer Debreceni Group bought Kaiser Food and the acquisition was cleared by the Competition Office (GVH) in November. Debreceni Group's and Kaiser Food's combined share of the Hungarian market for sausage, salami and smoked and cooked meat does not exceed 20%, GVH said. The company was acquired by the Slovak investment company Penta in 2008.
Eurofound (2011), Debreceni Hús, Relocation in Hungary, factsheet number 71860, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71860.
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...
