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.
Eurobank, one of the leading financial institutions in Greece, has announced that it will implement a voluntary departure scheme for 1000 employees.
According to Greek newspapers (February 24th, 2016) Eurobank is one of the four Greek core banks to implement a voluntary exit programme . The bank will submit its voluntary exit programme to the Hellenic Financial Stability Fund (HFSF) for the necessary approval in the next few weeks. The new round of expenditure cuts in terms of reducing staff, branches and operating costs is in accordance with the restructuring plans that the bank's management has agreed with the European Commission’s competition authorities.
The Eurobank group has total assets of €73.8 billion and 16,662 employees globally. Established in 1990, the Group expanded through organic growth and acquisitions to become a leading force with a total network of over 960 branches in Greece and abroad. It is one of the four "pillars" of the Greek private banking system. The Group also holds a strategic position in retail and business banking in Bulgaria, Romania and Serbia as well as wealth management services in Cyprus, Luxembourg and London. It is also active in Ukraine.
Eurofound (2016), Eurobank, Internal restructuring in Greece, factsheet number 86590, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86590.
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...
