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.
The French biotech company Transgene has announced it will close its clinical-scale biomanufacturing facility near Strasbourg with the loss of 120 jobs. The aim is to outsource production to third parties in the framework of a new strategy to move away from a vertical integration model to focus the resources on advancing Transgenes’ clinical development profile and R&D. The management took this decision after that the pharmaceutical group Novartis decided to stop its cooperation with Transgene in the immunotherapy field. The closure will lead to 120 job cuts of a total workforce employed at this site of 285 employees. However, the US subsidiary of Institut Mérieux, ABL, is expecting to take over the production in the site and may offer positions to 40 of the affected employees involved in manufacturing and related activities.
Eurofound (2015), Transgene, Outsourcing in France, factsheet number 83874, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83874.
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...
