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.
Alstom Croatia, the electrical manufacturing company recently bought by General Electric, announced the dismissal of up to 250 workers as part of a business restructuring plan. The US company General Electric (GE) became the owner of the French corporation Alstom in November 2015, and soon after began consultations with representatives of local employees regarding a reorganisation of the energy business, both in Croatia and at a European level. Alstom Croatia covers business development activities and auxiliary and preparatory services for tenders on numerous projects in Croatia and the South East Europe area, encompassing both railway infrastructure and rolling stock businesses. According to the available information, around 130 of the people whose jobs are at risk are engineers from the department of development. Also at risk is the service and maintenance department, and a smaller number of workers in manufacturing. The GE representative said that the restructuring of the company in Croatia and in other parts of the world, is necessary to make the company competitive and successful on the market. GE has stated its commitment to constructive cooperation with employee representatives in order to minimize the social impact of these activities.
Eurofound (2016), Alstom Croatia, Merger/Acquisition in Croatia, factsheet number 86146, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86146.
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...
