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.
Danish multinational manufacturer of toys, LEGO, announced that 380 jobs will be shed at the factory in Billund.
This is part of a larger plan in which LEGO will close part of its production in Denmark and offshore it to facilities in Hungary, the Czech Republic and Mexico. The plastic foundry however will stay at Billund.
It is not yet known how many jobs will be reduced by natural attrition and how many by direct dismissals. Redundancies are to be implemented until mid-2015.
The employees' representatives and the management will now start discussions about how to find a socially agreeable solution that will result in as few dismissals as possible. At the end of 2012 LEGO had 12,264 employees globally and 3,872 in Billund.
Updated, 18-11-2013:
The first round of redundancies was announced. Whereas the company had first announced 75 direct job cuts, this was reduced to 25 direct cuts and 50 cuts via natural attrition after talks with labour unions. According to the managment of LEGO, the plan is to cut further 200 jobs during 2014. Redundancies are still to be implemented until mid-2015 and total number of dismissals remains unchanged.
Eurofound (2013), LEGO, Offshoring/Delocalisation in Denmark, factsheet number 75006, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75006.
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...
