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 management of Mecachrome has announced to its Works council to cut about 180 positions by 2019 on a total workforce of 550 employees. The reorganisation plan aims to transfer about 20% of the production to Portugal where labour costs are lower. According to an expert, the production of some of the machines elements is no more competitive in the plant of Aubigny-sur-Nère which needs to focus on added value products. The union FO has asked a new expert to check the economic grounds of this project. The union CFTC highlights that on 180 job cuts, about 130 will result of non replacement of departure in retirement and non renewals of temporary workforce. Finally, about 50 employees may be dismissed even if the management will propose positions n other sites in France, at Amboise (Indre-et-Loire), Sablé-sur-Sarthe (Sarthe), Nantes (Loire-Atlantique) or Toulouse (Haute-Garonne).
Eurofound (2016), Mecachrome, Offshoring/Delocalisation in France, factsheet number 89015, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89015.
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...
