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.
The longstanding Austrian manufacturer of fruit juices Pago is to close down its plant in Klagenfurt, thus making all 110 employees redundant by the end of 2013.
Pago is part of the German fruit juice group Eckes-Granini, which bought Pago in December 2012 from the Heineken-Brau Union group. Eckes-Granini now announced the closure of the Pago headquarters and production in Klagenfurt.
The group's CEO Hinderer stated that the step was necessary - production in Klagenfurt has not been profitable for years. However, the company is to remain headquartered in Austria: The headquarters of Pago will move to the Austrian Eckes-Granini headquarters in St Florian (Upper Austria).
The employees were informed of the unexpected step in a works council meeting on 18 February 2013. A social plan is to be developed for all 110 employees which stand to lose their jobs.
Eurofound (2013), Pago, Closure in Austria, factsheet number 74970, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74970.
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...
