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.
For the second time in 2016, Canadian airplane and train manufacturer Bombardier is to make large-scale lay-offs, with 7500 jobs to be cut over the next two years. This results in a total reduction of 20% of the company’s workforce. Two thirds will be in the transportation department, with the remainder in the aerospace division. These are expected to save around $300 million (€ 274.5 million) by the end of 2018. Around 3,750 new hires will occur as part of this restructuring. Of the announced cuts, 2,000 will be in Canada (1,500 in Quebec), with others likely to fall at Bombardier’s plants in Derby and Belfast. In the case of Belfast, 1,080 jobs are in the process of being cut as part of redundancy measures announced earlier this year, with this likely to be increased. Job security in the UK for some has increased, with Bombardier winning a contract to build 665 train carriages, as well as tabled bids for new trains on the London Underground and the upcoming High Speed 2 rail network.
This is the second round of dismissals announced by Bombardier this year. In total, taking into account the 7,000 job cuts announced in February, the company will reduce its workforce by 20%.
Eurofound (2016), Bombardier, Internal restructuring in World, factsheet number 88999, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88999.
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...
