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.
Telecommunications company Telenor is reducing its staff in Norway by 450 full-time equivalents by the end of 2014. Furthermore, the company will also cut its use of external consultants – today several hundred – to a minimum.
According to media reports, the job reductions are due to large upcoming investments. Infrastructure investment costs are rising as Norwegian customers increasingly demand mobile and fast broadband, while discarding landline phones.
All employees are now offered voluntary severance packages, with a deadline on 26 March. The company's CEO is not ruling out the possibility of direct dismissals. The employee board representative is criticizing the company for not involving union representatives in the restructuring process and using an exact number of job reductions instead of discussing which functions and competences are no longer needed.
Fifty per cent of Telenor is owned by the Norwegian state.
Eurofound (2014), Telenor Norge, Internal restructuring in Norway, factsheet number 76687, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76687.
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...
