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.
Following the takeover of Alstom and a large-scale restructuring with 6,500 job cuts worldwide (see ERM Factsheet), General Electric intends to cut 765 positions in France (although GE are on track to create another 1000 jobs in France in their place). The job cuts will take place in GE's gas and steam power business activities, which have been declining in recent years. They represent about 10% of the employees from the former Alstom Energie activities in France. About two-third of the job cuts are expected in 2016 and the remaining third for 2017. 200 positions will be cut in the support functions while the main job cuts will focus on industrial positions. Information and consultation process have started in each plant as negotiations with unions on the social plan. It is expected that these negotiation end in May. Then a period for voluntary departures would be opened from June to October. In total, GE will create 235 positions net in the next three years, taking into account the 765 job cuts announced and the 1,000 job creations.
Eurofound (2016), General Electric, Merger/Acquisition in France, factsheet number 86229, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86229.
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...
