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.
Finnish steel producer Outokumpu is set to lay off around 600 people at its Långshyttan and Torshälla plants in Sweden as it merges its stainless steel operation with German-based Thyssen Krupp. Swedish trade unions had not yet been informed about planned redundancies when it was announced, but Thyssen Krupp has promised its German unions to save as many jobs as possible which would result in the closure of the Swedish plants.
In october Outokumpu initiated its reduction of the workforce in Sweden (see factsheets 18966 and 18916). In total Outokumpu will cut 1300 jobs globally until the end of 2012, see factsheet 19079
Eurofound (2012), Outokumpu, Internal restructuring in Sweden, factsheet number 73174, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73174.
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...
