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.
On 10 June 2016, Lufthansa Cargo, one of the biggest cargo airlines throughout Europe, announced plans to cut 500 jobs in Germany by the end of 2017. A total of 800 jobs will be cut worldwide. Mostly affected are jobs in administration and the ground handling units. The sector is suffering from overcapacities and fierce competition and the company expects to save €80 million per year through this restructuring. The management emphasises the importance of socially acceptable restructuring measures and dismissals due to operational reasons are to be avoided.
Lufthansa Cargo, subsidiary of Lufthansa and headquartered in Frankfurt, currently employs 4,600 staff in Germany. These are the fifth job cuts at Lufthansa since 2012 (see 05.2012, 01.2013, 10.2013 and 06.2016)
Eurofound (2016), Lufthansa Cargo, Internal restructuring in Germany, factsheet number 87723, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87723.
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...
