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.
Xeos, a joint venture created by Lufthansa and General Electric, has announced that it will create 120 jobs at the factory in Środa Śląska (Legnica Special Economic Zone, Poland) by the end of 2017; in total about 500 positions are expected to be created by the end of 2022.
The factory is expected to be operational in September 2017, but Xeos is to start a recruitment process in December 2016 as the company plans to provide special training for hired employees in 2017. The company has revealed that the training programme will cost EUR 15 million as Xeos needs highly qualified workers.
The company plans to invest EUR 250 million in the aircraft maintenance plant: the plant will deal with servicing and maintenance of GE’s engines and it will specialise in servicing GEnc28 used in Boeings 747-8 and as of 2021 the plant will also deal with GE9X engines used in Boeing 777X.
Eurofound (2016), Xeos, Business expansion in Poland, factsheet number 89430, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89430.
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...
