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 Plant Adria Celik (Adria Steel) was established in 1971 and in July 2013 it became 100% owned by the company Techcom GmbH which paid HRK 10.3 (€1.36m) for it and pledged to invest €8.5m.The enterprise consists of electro-steel-melting and rolling shops with an annual production rate of 200 thousand tonnes of bar-rolled stock of high-quality. During 2012 - 2013 large-scale modernisation, repair and replacement of metallurgical equipment was carried out.
Production was stopped however in summer 2014 and the company's bank account has been blocked for more than a year and half. Debt grew to HRK million 11.4 (€1.5m). Workers have not received their salaries for eight months and in the Commercial court of the City of Split on November 17 2015 the company was declared bankrupt. 190 will be laid-off.
Eurofound (2015), Adria Celik (Adria Steel), Bankruptcy in Croatia, factsheet number 85437, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85437.
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...
