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.
Latvian national air carrier airBaltic will dismiss 159 employees by the end of this year.
The airline is implementing the restructuring plan ReShape developed by the company's new CEO Martin Gauss. The plan, which is intended to reduce costs by 16%, includes fleet modernization, cost optimization, operational efficiency, revenue enhancement and network improvements.
On March 16 AirBaltic informed the State Employment agency about collective dismissal plan, indicating that they are planned to be carried out in several stages until the end of year. The affected workforce includes administration workers, analytics, financiers, ticket sellers, marketing specialists, accountants, mechanics, engineers and technicians. The most affected category is pilots (35 dismissals) and flight attendants (30 dismissals). On 27th September the vice-president of the airline JÄnis Vanags confirmed that the restructuring, is going according to the plan.
Â
Eurofound (2012), airBaltic, Internal restructuring in Latvia, factsheet number 74180, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74180.
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...
