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.
Consumer electronics producer Loewe is taken over by German investment group Panthera 31 January 2014, leading to the loss of 120 jobs. The take-over follows Loewe’s insolvency and various previous rounds of job cuts (see Loewe2012, Loewe2013-1, Loewe2013-2).
Panthera intends to continue Loewe's TV manufacturing operations.
Adding to the job cuts, 140 workers shall transfer to another Loewe subsidiary.
Update 27-03-2014:
The acquisition of Loewe by Panthera failed, but in March, the company announced that Loewe will be taken over by German investment group Stargate Capital. Currently, 455 people are employed in Kronach and another 70 abroad. The target number of employees is still 430.
Eurofound (2014), Loewe, Merger/Acquisition in Germany, factsheet number 76506, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76506.
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...
