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.
Austrian manufacturer of office furniture Bene announced its plans to eliminate 127 jobs in administration at its headquarter in Waidhofen an der Ypps (Lower Austria). Affected employees have been registered with the public employment service (AMS), 50 workers have been given a guarantee of re-employment (Wiedereinstellungszusage).
This step comes contrary to claims made earlier this year, that after cutting 29 jobs in the production area no further redundancies would be necessary. The company is facing continuous financial difficulties with an downward trend in turnover and a net debt of €74.6 Mio. Bene has therefore been looking for investors and two investors may take over 90% of company shares (pending shareholder approval in June 2015).
Eurofound (2015), Bene, Internal restructuring in Austria, factsheet number 79402, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79402.
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...
