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.
It is reported in the Irish Times that Irish-owned book and stationery retailer Eason has concluded agreement with employees and their representatives on a cost reduction plan, which is expected to result in about 150 voluntary redundancies.
As part of this cost reduction plan, the company has also decided to close a store in north inner city Dublin on March 12th. The store's 12 staff will be offered redeployment, and can also choose to accept the redundancy terms on offer: five weeks pay for every year of service, including their statutory redundancy entitlement. The severance terms are capped at a maximum of €100,000.
Eason employs about 1,000 staff in the Irish Republic.
Eurofound (2012), Eason, Internal restructuring in Ireland, factsheet number 73096, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73096.
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...
