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.
University of Eastern Finland (Itä-Suomen yliopisto) in Joensuu has initiated employer-employee negotiations with the aim of cutting 200 jobs. The university has to save €7–9 million Euro following reduced funding from the Finnish Government. The negotiations concern all university administrative and supportive personnel as well as a range of faculty. The negotiations concern 1,200 employees in total. Job reduction measures may take the form of early retirements, direct dismissals as well as temporary lay-offs and non-extension of current contracts.
The Finnish government is in total reducing the grants to the Finnish universities by €600 million during 2016-2020, leading to redundancies at many of the 14 Finnish universities. The ERM has reported on ongoing employer-employee negotiations at Aalto University, Åbo Akademi, the University of Helsinki and Lappeenranta Univeristy of Technology.
Eurofound (2015), University of Eastern Finland, Internal restructuring in Finland, factsheet number 86010, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86010.
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...
