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.
Axa Bank announced the intention to cut 148 jobs in Belgium by the end of 2016. About 77 job losses will be achieved via natural departures and 71 through direct dismissals. About 74 jobs will be cut in 2014. According to the management, the decision comes from the need to be more competitive by enhancing the customer service activities.
Trade unions consider the decision as unacceptable because the job cuts are probably the result of the company's bad investments in Eastern Europe countries and they intend to reduce the number of redundancies.
Eurofound (2014), Axa Bank Belgium, Internal restructuring in Belgium, factsheet number 76693, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76693.
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...
