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.
Struggling French fashion house Sonia Rykiel has announced a strategic plan that will lead to cut about 79 positions on a total workforce of 330 employees in France. Since 2012, the ready-to-wear company owner is the Chinese group First Heritage Brands (former Fung Brands). The company said it had to approach the current market climate realistically, citing "extremely difficult" conditions notably in Eastern Europe and Asia. Recent terror attacks on France and Belgium weighed on performance, the firm said while welcoming strong showings elsewhere, including in the USA which had helped overall sales to rise last year for the first time since 2008. However, these "encouraging results will not alone ensure sustainable growth", according to the management. The reorganisation will see some lines disappear, including the more competitively priced « Sonia by Sonia Rykiel » aimed at younger buyers and its children's collection.
Eurofound (2016), Sonia Rykiel, Closure in France, factsheet number 89010, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89010.
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...
