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.
Milling and bread manufacturer GoodMills Romania, the Romanian subsidiary of the Austrian Group GoodMills announced the closing of the Titan plant from Cernica (Ilfov County). The closing of the Titan plant will result in the loss of all 250 jobs (permanent full-time positions). The Titan plant will be closed by the end of January 2017.
GoodMills is the largest milling group in Europe. In 2014, the Austrian Group bought together with the milling production, the bread production (Titan plant), even if the company is specialized in milling.
The management of the group announced the concentration of its production on milling, starting from 2017. The trade union has so far not reacted to the announcement.
GoodMills Group generates annual sales of about 980 million euro and has about 2,300 employees.
Eurofound (2016), GoodMills Romania, Closure in Romania, factsheet number 89480, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89480.
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...
