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 7 May 2013, EMC announced its plan to lay off more than 1,000 staff worldwide in an attempt to cut costs. The multinational corporation offering data storage, information security, and cloud computing solutions has started rolling out restructuring programmes aiming at a total workforce reduction of 1,004 positions. EMC already eliminated around 800 positions in the first quarter of this year, affecting all major functional groups and locations within the corporation.
Moreover, according to reports, the company has previously laid off 1,163 workers during 2012. The job cuts concern the company’s Information Storage, RSA Information Security and Information Intelligence divisions and will affect EMC staff worldwide. The restructuring programme is set out to be completed within a year of its start. The multinational corporation currently employs around 60,000 staff worldwide. Till now there is no announcement on which countries will be affected by the restructuring.
Eurofound (2013), EMC, Internal restructuring in World, factsheet number 75371, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75371.
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...
