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.
Intel has announced job cuts of around 12000 staff by mid-2017, representing 11% of the company’s workforce. This will be made up of voluntary and involuntary redundancies, and is expected to save US$1.4 billion, half of which will be achieved this year. The cuts are as a result of falling PC sales, and instead the company will shift focus towards cloud computing and its data centre. Since the announcement, Intel shares have fallen by over three per cent despite rising profits, and by 13 per cent since the beginning of last year, as global PC shipments fell by 11.5% in the first quarter of 2016. Part of the cause of these losses is a deduplication of roles as a result of the US$16.7 billion acquisition of programming company Altera in January. Intel are mirroring wider changes in strategy in the industry, with both Microsoft and IBM moving away from PCs to other forms of computing.
Eurofound (2016), Intel, Internal restructuring in World, factsheet number 87306, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87306.
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...
