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 28 June, the management of Veolia, a company which specialises in water treatment and management, announced to its Central works' council that they intend to initiate a voluntary departure plan which will resul in 430 job cuts in France. The company will open negotiations on the content of the plan with employees representatives by 13 July. The water division of Veolia has been affected by the financial crisis, which has forced some municipalities and local authorities to renegotiate water service concession or to take over this activity on their own. Veolia has already signed a social plan in July 2014 affecting 2,225 jobs in the same activities. The former plan includes 1,417 internal job transfers and 808 voluntary departures. The new voluntary departure plan is part of a cost saving framework of €600 million between 2016-2018 intending to restore the competitiveness of the group.
Eurofound (2016), Veolia , Internal restructuring in France, factsheet number 87986, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87986.
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...
