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.
Atento Teleservicios España, a call centre firm, has announced a labour adjustment plan that will affect 810 employees (around 9% of its workforce). The labour adjustment will be implemented in 9 Autonomous Communities, 12 cities (Madrid, Barcelona, Bilbao, Cáceres, Córdoba, León, Lleida, Sevilla, Toledo, Valencia, Jaén and La Coruña)and 15 job centres. However, no job centre will be closed. The measure is explained due to economic causes. The company recorded economic losses equal to € 8.1 millions in 2013.
Atento was sold by Telefonica to a company linked to the North American capital risk firm Bain Capital in 2012 for €1,051 millions
Updated, 03/07/2014:The company has announced that the labour adjustment plan that will affect 823 employees (around 9% of the staff).
Workers affected are located in Madrid (187), Catalonia (156), Andalusia (144), Castilla La Mancha (92), Bilbao (69) and Valencia (67). Workers from job centres from Leon, Galicia and Caceres will also be affected by the measure.
Eurofound (2014), Atento Teleservicios España, Internal restructuring in Spain, factsheet number 77238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77238.
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...
