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.
Forestry company and paper manufacturer UPM has announced plans to close two production facilities in Kaukas and Jämsä, Finland, making 250 people redundant. The closures are due to a declining demand for paper products as newspaper sales are declining in favour of digital services. The reductions in Finland are part of a larger, group wide, restructuring program which also affects sites in the UK and France. The reason behind the closures in Finland is cited as the inflexible labour market of the country which raises costs and drives away production.
Update, 21-02-2015: UPM has finished the negotiations concerning the employees at the Kaukas and Jämsä plants. In Jämsä 138 employees will lose their jobs, and in Kaukas 114 positions will be made redundant. The plants are planned to close down in march. The total loss of jobs in Finland amounts to 252.
Eurofound (2014), UPM, Closure in Finland, factsheet number 77903, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77903.
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...
