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.
OEZ Letohrad, a subsidiary of Siemens, is to end production of fuses at the Výprachtice factory and relocate activities to Greece. The closure is expected to affect about 110 employees, mainly women. It has not yet been decided whether they will be laid off or relocated to other OEZ units.
Siemens has declined to comment on its plan but it has been reported that the production will stop in March 2012. The restructuring is attributed to Siemens' decision to shift less skilled manufacturing jobs from the Czech Republic and move more demanding production to the country.
Eurofound (2011), OEZ Letohrad, Offshoring/Delocalisation in Czechia, factsheet number 72178, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72178.
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...
