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.
LFoundry, a manufacturer of image sensor owned for its majority by Semiconductor Manufacturing International Corporation (SMIC), is to hire 100 workers at the plant in Avezzano over the next two years.
About four years ago, the closure of the plant, at that time owned by Micron Technologies, was avoided with the joint acquisition by the competitor LFoundry and Marsica Innovation Technology, a society created by a former manager of the site. The transition was supported by the activation of "social shock absorbers".
In August 2016, SMIC acquired 70% of the company. As for the recently disclosed plan, the group is to bring back the plant to its full productive capacity and invest about €69 million in new machineries and equipment. Solidarity contracts covering the 1,496 employees of the plant have already been discontinued.
Unions welcomed the positive news, deeming the new plan as an opportunity to relaunch the production site.
Eurofound (2016), LFoundry, Business expansion in Italy, factsheet number 89084, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89084.
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...
