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.
On Friday 18 of November, at a press conference in Wolfsburg, Volkswagen announced a cut of 30000 jobs.
Jobs will be cut in Germany (up to 23,000) but also in North America, Brazil, and Argentina. The cuts are part of the restructuring design of the brand and staff reduction is planned through partial and early retirement and reduction of part-time staff.
Volkswagen is the Europe’s largest automaker and has recently struggled with low profits. The restructuring will help the company to recover from the diesel emissions scandal.
The company intends to invest into the development of electric and self driving cars; the management pledge is to create 9000 new jobs in the area of electric cars, mainly at factories in Germany.
Eurofound (2016), Volkswagen, Internal restructuring in World, factsheet number 89160, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89160.
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...
