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.
COSL Drilling Europe will dismiss 209 Norwegian employees offshore and 20 employees onshore, as Statoil terminates its contract for drilling rig COSL Pioneer. The contract was set to expire in August 2016, but is terminated ahead of time. CSOL Pioneer, which has been docked since October 2014, was planned to start work for Statoil from 1. August this year. in December 2014, 700 of COSLs Norwegian employees agreed to a 10 percent wage cut , in order to avoid dismissals. The company has now discussed the situation with union representatives, and has come to the conclusion that dismissals can no longer be avoided. Severance packages will not be offered.
Eurofound (2015), COSL Drilling Europe, Internal restructuring in Norway, factsheet number 84040, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84040.
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...
