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.
On 3 March 2013, the Swiss-based company Georg Fischer announced plans to substantially reduce its workforce by the end of 2013. According to reports, the planned job reductions will affect all company plants in Austria and Germany, seven in total, including the company’s largest plant in Singen, Germany.
The majority of the job cuts will affect temporary workers, with most of the 400 temporary contracts not being renewed. In addition, 50 permanent positions in Singen will be affected. Moreover, the company is planning to rationalize its production in the coming years, which will further result in job losses. This will for example affect its plant in Herzogenburg, Austria, where due to new production processes the workforce will be reduced by 300 by 2015.
The company which mainly produces piping systems for water treatment and corrosion fluids, currently operates across 120 facilities worldwide and employs around 12,500 staff.
Eurofound (2013), Georg Fischer, Internal restructuring in European Union, factsheet number 75079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75079.
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...
