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.
Schlumberger, the world’s largest provider of oilfield services, is to cut an additional 11,000 jobs worldwide. These cuts come in addition to cuts of 9,000 jobs announced in January 2015. This will reduce the company’s workforce by 15 per cent relative to the 4th quarter of 2014. The cuts come in response to falling profits, which the company has blamed on falling crude prices and the resulting decline in extraction activities. Schlumberger employs 115,000 workers in over 85 countries. As of 18 May 2015, there was no information on which countries would be most affected and when the job losses will occur. However, Schlumberger’s announced the reductions in activity would be concentrated in Latin America, Europe, Sub-Saharan Africa, and Asia.
Eurofound (2015), Schlumberger, Internal restructuring in World, factsheet number 83086, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83086.
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...
