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.
International producer of windows, Velux, is to offshore 100 jobs from Bagsværd near Copenhagen to factories in Poland and Slovakia. In a press release issued on 2 October 2014, the company unveiled the plan to move jobs from factories in Denmark and Scotland to Eastern Europe. The reorganisation of activities within Europe is expected to save 20-30 million Euro on an annual basis. The offshoring of actovotoes is to take place in autumn 2015.
Danish union 3F has opposed this decision because the factory in Hungary, where to the Scottish jobs are to be moved, has received financial support from the EU regional fund to improve employment in the regions. The factory manager in Hungary, and Velux, claim that the funds was not spent to move jobs from one EU country to another and that the application for the funds was in line with EU rules.
Eurofound (2015), Velux, Offshoring/Delocalisation in Denmark, factsheet number 84699, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84699.
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...
