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 group Philips has announced the closure of its plant of Lamothe-Breuvron (Loir-et-Cher) with 89 jobs cuts and the partial offshoring of the production from its site of Miribel (Ain) to Spain and Poland with 142 job cuts out of a total of 260. The two sites are the last Phililps' manufacture in France. They produce lightning systems for retail, parking, street and other public lighting. The management aims to maintain the competitiveness of the company and says that they will avoid forced dismissal if possible. The lighting market faces a huge transformation as new technology (LED) enters the market. This trend already forced the market leaders to change their business model (Philips, Osram, General Electric and Havells Sylvania). Management and unions have three months from the first meeting of the Central works council (held on 5 September) to reach an agreement on a social plan. If they failed the management will launch a social plan that will enter into force after agreement of the labour inspectorate. The first departures could start as early as December 2016.
Eurofound (2016), Philips, Closure in France, factsheet number 88641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88641.
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...
