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.
US-based supplier of oil an gas equipment Smith International is to close the plant in Volterra (Tuscany) specialised in the manufacturing of oil well drilling bits. The closure will result in the loss of 200 jobs. The move is blamed on decline in demand for the company's products as the oil drilling industry remains weak.
The unions have opposed the decision and demanded to meet with institutions with a view to prompting the company to reconsider the closure and rather invest in innovation. Local institutions also joined the request of unions and initiated negotiations to avoid further job losses in an area with low employment rates.
Eurofound (2015), Smith International Italia , Closure in Italy, factsheet number 83593, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83593.
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...
