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 Austrian company AT&S, a manufacturer of printed circuit boards, is to shut down its production site in Klagenfurth, thus making all of its 109 employees redundant.
The production site, which has been bought from the insolvent company AIK Electronics Austria in 2003, is to be closed at the end of 2013. The step is due to decreasing demand in one-sided printed circuit boards in Europe, as well as to cheap competition from Asia. Losses in production at the site amounted to EUR 1.45 million in 2012.
The two remaining sites in Leoben and Fehring (both in Styria, with some 1180 employees) are not affected by this closure. However, in 2008/09, some 750 employees have already been made redundant in Leoben (see restructuring cases AT&S2009 and AT&S2008) due to offshoring to Asian sites.
A social plan for the 109 employees will be set up, including a re-employment scheme run by the province of Carinthia.
Eurofound (2013), AT&S, Closure in Austria, factsheet number 75407, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75407.
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...
