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.
German drug producer Sandoz is planning to close its plant located in the Höchst industrial Park in Frankfurt by the end of 2016. Around 300 employees will be affected by the planned closure. According to the company this restructuring is due to the high competition from the Asian market. Sandoz will no longer produce under a contract manufacturing scheme as of 2016. Furthermore, the company will move its production activities to its Austrian plant in Kundl. The job reduction will also include the transfer of employees to other plants, early retirement scheme or severance payments.
Sandoz is a subgroup of Novartis International, a Swiss multinational pharmaceutical company based in Basel. Novartis was founded in 1996 from a merger of the two former Basel pharmaceutical and chemical company Ciba-Geigy and Sandoz.
Eurofound (2015), Sandoz, Closure in Germany, factsheet number 83842, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83842.
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...
