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.
Volvo Construction Equipment (CE), one of the world’s largest manufacturers of construction machines, has announced reductions of 350 employees due to decreasing demand. The job losses are distributed on 320 blue-collar and 30 white-collar workers. The reductions will affect all production sites in Sweden with 100 jobs lost in Hallsberg, Braås, and Arvika and the remaining 50 jobs lost in Eskilstuna.
Volvo CE was forced to reduce staff levels after the crisis in 2008, this and other earlier employment effects are covered in fact sheets 15109, 13696, 11712. Volvo CE is part of the Volvo group, Sweden’s largest company by revenue.
As of November 2012, there is no information about when the employment effects will start taking effect or when they will be implemented by.
Eurofound (2012), Volvo Construction Equipment, Internal restructuring in Sweden, factsheet number 74529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74529.
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...
