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.
At its production site in Steyr, the German car manufacturer BMW is to shed 100 temporary agency workers, but will employ an additional 135 regular workers over the course of 2013.
The cut in temporary agency workers, which was announced in December 2012, is due to a decrease in engine production to below one million pieces in 2013, the lowest output within the last four years. The chairman of the company's works council was reported to hope that this reduction in the workforce is only of temporary nature. In 2011, some 130 temporary workers were taken over as regular staff members and another 40 in the last quarter of 2012.
UPDATE 30.01.2013:
In January 2013, BMW surprisingly announced to hire an additional 135 permanent workers. Even though a slight decrease in turnover is expected for 2013 (after a 5.2% decrease in 2012), this step is due to an investment in research and development activities, as well as in new equipment and production lines in Steyr. For this, 135 additional workers will be needed.
Eurofound (2012), BMW, Internal restructuring in Austria, factsheet number 74695, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74695.
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...
