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.
GE Oil & Gas is cutting between 125 and 145 jobs in Norway. More than 100 of these positions will be cut at the company's offices in Sandvika and Billingstad, both in Akershus. Some cuts will also be made in Trondheim, where the company has 30 employees. The company's subsea services based in Stavanger will not be affected. The affected employees are administrative staff and engineers. The restructuring is mainly due to the decline in investment and activity in the Norwegian petroleum sector, but is also a move to adapt to a changing global market. The Norwegian subsidiary is fully owned by GE Oil and Gas, which plans to transfer project management positions from Norway to Bristol and Aberdeen. Further job cuts are so far not planned outside of Norway. Affected employees will be offered severance packages and support in finding jobs elsewhere, both within and outside GE.
Eurofound (2014), GE Oil & Gas, Offshoring/Delocalisation in Norway, factsheet number 77673, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77673.
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...
