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.
Finnish airline carrier Finnair is to hire 450 new employees in early 2016. This recruitment campaign is the largest in the company's history. 100 new pilots, 300 new cabin crew employees and 50 new customer service employees will be hired in Finland. Finnair has previously recruited 70 pilots and 130 cabin attendants in 2015 and the company aims to double its traffic from Europe to Asia in 2020 in comparison to 2010. A total of 1000 new job positions are anticipated by the end of 2020. Two thirds of the new employees manning the Europe-Asia flights will be hired from the Finish labour force.
In 2014 ERM reported on outsourcing of 540 Finnair employees from Finland to Hong Kong and Singapore.
Eurofound (2015), Finnair, Business expansion in Finland, factsheet number 85808, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85808.
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...
