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.
The restructuring of several Greek public custom offices will lead to 3,000 employees in labour reserve or dismissal. The process of merging and shutting down many of Greece's customs offices is to be seen in the context of the broader attempt to curb public spending in the fact of inspections by foreign creditors. The cuts were announced to being in mid-October 2011 according to the Ministry of Finance.
The first step of the restructuring will be the integration of 14 customs offices as well as dozens of smaller departments with the aim to reduce costs. This is said to be achieved through labour reserve measures (GR1109029I) and eventually dismissals. These changes will occur in all 50 customs control's units in the country.
The Federation of Greek Customs Employees and Officers, reacting to these announcements, declared a general strike and blocked access to Customs facilities. The action lasted from Friday 14th October to the 23rd October. Athens Court, following the announcement, declared their strike illegal and warned anyone insisting on continuing the strike to be fined with a 1,000 Euro penalty.
Eurofound (2011), Greek Customs Offices, Internal restructuring in Greece, factsheet number 72699, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72699.
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...
