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.
Estonian oil shale mining company Eesti Energia Kaevandused, a subsidiary of the state energy company Eesti Energia, is closing down its Viru oil-shale mine. Among the 460 employees now working in Viru mine, 100 will retire, 100 will be made redundant and 260 will be relocated to Narva quarry (another Eesti Energia Kaevandused mine) or to the company’s logistics site.
There were environmental as well as economic reasons behind the closure of the mine. The technology used in the mine is from the 1950s. In addition, the geology of the mine has deteriorated with an effect on the economic sustainability of the site.
The company has started cooperation with Estonian Unemployment Insurance Fund already a year ago to relocate as many employees working in Viru mine to other sites within the company. However, the company was not able to offer employment elsewhere within the company to all affetced employees. For those made redundant, the company has set up a support fund. The fund includes a pension scheme as well as a scholarship for re-training and informative classes about different re-training and job opportunities.
Eurofound (2013), Eesti Energia Kaevandused, Closure in Estonia, factsheet number 75478, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75478.
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...
