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.
The American international insurance company AIG has announced plans to cut 103 jobs at its French subsidiary, in the framework of a large restructuring. As reported, the cost-cutting measure is also aiming at increasing the quality of its customer services. As announced, the company, taking into consideration some vacant positions and recruitment of new staff, refers to a net loss of 103 jobs, but the unions refer to 128 potential job cuts that refer to 115 employees. Most of the jobs affected are managerial ones. According to the sources, the negotiation period with employees’ representatives is expected to conclude before the end of 2014 and the job cuts are scheduled for 2015. It is the third restructuring plan since 2010. AIG employs 63,000 employees worldwide.
Eurofound (2014), AIG, Internal restructuring in France, factsheet number 77554, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77554.
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...
