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.
Spanish household appliance retailer Urende - a subsidiary of Grupo de Empresas Sánchez-Ramade - is to dismiss 592 workers and close 18 stores across Spain.
The announcement follows the approval of the workforce adjustment plan by the Ministry of Employment and Social Security. Both the management and the staff have accepted the redundancy plan. The agreement on the job cuts will be ratified on 27 January 2012.
The firm went into administration because it was unable to refinance its debt and come to a deal with its creditors. Urende currently has debts account to a total of EUR 200mn. The next step is the approval of the redundancy plan from the Cordoba Business Court.
After the restructuring the firm will be left with 110 workers, only four stores (Ciudad Real, Cordoba, Jaen and Granada) and the central administration office in Cordoba.
Eurofound (2012), Urende, Internal restructuring in Spain, factsheet number 73345, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73345.
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...
