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.
Formica, Spanish company specializing in the manufacturing of decorative laminated surfaces, will apply for the redundancy procedure affecting 170 employees (83% of its workforce) of its plant located in Galdácano (Vizcaya, Basque Country).
The company will stop production activities on this site and concentrate all production within in its plant located in Valencia.
The company representatives say the decision on redundancies is due to the sales decline on the national market.
Eurofound (2012), Formica, Closure in Spain, factsheet number 74115, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74115.
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...
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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,...
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