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 postal company, Posti, has initiated employer-employee negotiations to cut up to 860 jobs. The internal restructuring is due to lowered volumes of letter post leading to diminishing turn-over. Digitalisation is seen as the explanation for the structural shift within the postal sector and in 2015 Posti's volume of sales diminished with 75 million Euro. The employer-employee negotiations concern employees in production, administration, sales and customer service. Staff working with the delivery of newspapers, packages and logistics as well as mail sorting are not affected by the internal restructuring.
The Finnish Post and Logistics Union (PAU) state that Posti has overestimated the amount of employees that need to be let go. The union leader states that Posti's ability to deliver post in accordance with the postal law will be severely damaged if 860 employees are made redundant. According to the the union, Posti has not been able to deliver post on time since a previous internal restructuring in 2014.
The ERM has previously reported on lay-offs following internal restructuring at Posti in June 2015.
UPDATED 24/3/2016:Following concluded employer-employee negotiations the total number of job positions which will be cut at Posti has been revised down to 680 positions. In total 181 employees will be directly dismissed and around 200 individuals will have their contracts changed from full-time to part-time.
Eurofound (2016), Posti, Internal restructuring in Finland, factsheet number 86432, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86432.
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...
