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.
French car manufacturing group PSA announced plans to cut 2,133 jobs nationwide in France, in the framework of a three-years group-level agreement concluded last July with the representative unions except the CGT which is opposing the deal. The agreement also forecasts the recruitment of 1,000 employees by December 2019. There are currently no details about the number of recruitment for 2017. To cut the 2,133 positions, the group will use non replacement of retiring employees, 1,025 professional retraining and external reclassification leaves (employees may find a job in an other company with a right to come back to PSA if the transition to the new job fails); 1,000 senior leaves (three years of leave with 70% of the last salary). Job cuts were already recorded in 2012 (8,000 job cuts), 2013 (800); 2014 (400 in January and 300 in September); 300 in 2015.
Eurofound (2016), PSA Peugeot Citroën, Internal restructuring in France, factsheet number 88957, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88957.
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...
