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.
Dutch textile firm Vlisco is to shed 320 of its 2700 strong workforce, of which 200 jobs are based in the Netherlands and the remaining 120 in Ghana and the Ivory Coast. Vlisco's market is largely fashion for African women, and their African markets have been adversely affected by falling oil prices which caused faltering in the economies of African states. This is particularly relevant to West Africa, where Vlisco have a presence in the local clothing scene. This move was expected, as Vlisco had brought in David Suddens, who oversaw a similar situation at Dr Martins, as CEO, to enact some form of cost saving measure. Much of the job losses are at mid-management level, with the intention of creating a "flatter" organisational structure going forward.
Eurofound (2015), Vlisco, Internal restructuring in World, factsheet number 85991, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85991.
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...
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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...
