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.
The management of Thomson video networks has announced beginning of June a restructuring with a voluntary departures plan to cut from 66 to 80 positions. This reorganisation is a result of the the Company's recent take over by its US competitor, Harmonic in February 2016. In February, Thomson video network 's works council refused to give advice regarding the take over as management didn't provide enough information about employment consequences. The reorganisation will affect three units : Cesson-Sévigné (Ille-et-Vilaine, with about 60 job cuts out of a total of 280 positions), 13 job cuts in Brest (Finistère, out of a total of 45 positions) and 6 in Cergy-Pontoise (Val-d'Oise, from 15 employees). The union CFDT fears that the new owner will cut positions linked to hardware products and outsource production to Asia. The management highlights that departures will mainly be achieved through early retirements. It will also propose some internal mobility.
Eurofound (2016), Thomson video Networks, Merger/Acquisition in France, factsheet number 87995, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87995.
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...
