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.
Hyundai will shut down its subsidiary Jahnel-Kestermann at Bochum by June 2016 at the latest. The closure will affect around 100 employees. They will be given notice starting from 30 June 2015. The reason for the closure are permanent losses by the gearbox plant since it has been acquired by Hyundai in 2011. Jahnel Kestermann has already cut 102 jobs in Germany at the end of 2013, which was half of the staff at Bochum. Employees and management had negotiated a social plan which will still serve the employees who are now affected by the closure. The plan provides rules for severance payment. Jahnel-Kestermann develops and produces gear units for many industrial applications.
Eurofound (2015), Jahnel-Kestermann, Closure in Germany, factsheet number 79847, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79847.
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...
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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...
