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.
Novo Nordisk, the Danish manufacturers of insulin, are to cut 1,000 jobs in a cost cutting measure as competition for their product increases. Half the cuts will be in Denmark, and will fall on the research and development, sales, and administrative areas of operation. The cuts will be overseen by a new CEO, with the long serving chief executive standing down imminently. There has been increased competition and a slow growing market, particularly in the USA, which has catalysed this downsizing. The American market accounts for about half of Novo Nordisk's revenue, causing Novo Nordisk to cut its profit forecast by 8% in August. 2016's financial outlook will not change as a result of this downsizing, although long term savings are expected to be between $105-150 million (EUR 93-98 million).
Eurofound (2016), Novo Nordisk, Internal restructuring in World, factsheet number 88787, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88787.
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...
