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 passengers transporter by bus Megabus, created by the UK group Stagecoach in the framework of the liberalisation of the regional passengers transport by bus launched by the law "Macron" adopted in 2015. On 1st July 2016, the company has been sold to the German group Flixbus. Megabus became a subcontractor of Flixbus. But the German company decided to cancel the commercial agreement with Megabus in August 2016, that forced Megabus to cease its activities. After several weeks of negotiation with unions, Megabus has reached an agreement on an employment safeguard plan that will lead to dismiss the company's 175 employees. About 95 of them worked at Saint-Jean-d'Ardières (Rhône) site. The plan includes external mobility proposals in France (according to Megabus, the management has identified about 310 available positions in France) but also in the UK or in the United States (the plan forecasts to finance a travel to the US for those drivers who are interested to take up a position in the States). The compulsory unemployment allowance, initially fixed at €2,000 per employee has been increased (but the amount is not known). Otherwise employees are entitled to a redemployment leave benefit of 12 months.
Eurofound (2016), Megabus, Closure in France, factsheet number 89689, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89689.
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...
