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.
Automotive lighting manufacturer Varroc Lighting Systems has announced the recruitment of 200 university educated technicians at its sites in Nový Jičín, Rychvald and Ostrava. One hundred new jobs will be added by the end of 2015 and the remaining 100 positions in 2016. The company with more than 2,300 employees ranks among the major employers in the Moravian-Silesian Region and the Czech Republic. Varroc Lighting Systems is registered in the Netherlands, headquartered in Plymouth, Michigan, USA, and operates in Asia, Europe and North America, with nearly 5000 employees worldwide. The Varroc Group completed the acquisition of the global lighting division of Visteon Corporation on the 1st of August 2012 and now brands itself as Varroc Lighting Systems.
Eurofound (2015), Varroc Lighting Systems, Business expansion in Czechia, factsheet number 84720, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84720.
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...
