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.
On 21 June, Air France has announced a restructuring plan "transform 2015" with 5,122 job cuts by December 2013. Air France expects 1,712 natural departures and aims to negotiate a departure plan for the remaining 3,410 other employees. The management has started the negotiation process with the unions with the aim to avoid forced redundancies.
The restructuring comes in a bid to increase the competitiveness of Air France by up to 20%, while reducing its workforce around 10% and implementing a freeze on salaries and promotions. The working time of pilots and cabin crew will increase from 530 to 655 hours of flight (730 hours on long distance) and the number of cabin crew members will decrease to one employee for 45 passengers.
Air France also announced to develop its low-cost company Transavia that will recruit 340 pilots.
Update 14 May 2013: after the signature of an agreement between management and employees' representative of cabine crew in March 2013, the management of Air France has announced to its Central works council, on 13 May 2013, a plan of voluntary departure for 400 employees and other measures as early retirement for 100 others. A total of 500 full time positions will be cut (about 600 to 650 employees according unions).
As reported, France has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2012), Air France, Internal restructuring in France, factsheet number 73820, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73820.
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...
