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.
Conergy, a manufacturer of solar cells and solar moduls, announced that about half of the staff at the premises in Frankfurt (Oder) will be dismissed. The company employs around 1700 employees worldwide and is owned by a consortium of six foreign hedge funds and private banks since August 2011. The Frankfurt site had employed a total of 750 persons in 2010 (including temporary agency workers). In the past months, most of the temporary agency workers were dismissed. Restructuring plans involve running the Frankfurt (Oder) site with a staff of 350 which means all temporary agency workers and around 100 other employees shall loose their jobs. An additional 10 to 40 posts are at risk at the headquarter in Hamburg.
The reason for downsizing is related to the fierce competition from especially China. The management representative of Conergy stated that the prices of solar cells have declined by 30% in the first half of 2011.
Eurofound (2011), Conergy, Internal restructuring in Germany, factsheet number 72363, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72363.
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...
