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.
German bank Hypo-Vereinsbank (HVB) announced its plans to cut 1,200 jobs in Germany by the end of 2018. The company wants to focus on digitisation as well as reducing its branches by the end of 2015. Its 580 branches will be reduced to 341 nad the remaining branches will be equipped with more technology.The bank's CEO even believes that one day bank branches will be superfluous.
HVB is a subsidiary of Unicredit, an Italian bank, which is aiming to cut costs. This job reduction has begun in the end of 2014 and the overall workforce will be reduced to 2,900 by the end of 2015. The parents company Unicredit had already announced that 18,000 jobs will be cut worldwide.
Hypo-Vereinsbank is a subsidiary of the Italian bank, Unicredit, and is headquartered in Munich. Currently, 17,000 employs are working for Hypo-Vereinsbank in Germany as part of 130,000 employees working for Unicredit worldwide.
Eurofound (2015), Hypovereinsbank (HVB) , Internal restructuring in Germany, factsheet number 85566, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85566.
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...
