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.
Electrabel a Belgian energy producer, has announced cost saving measures that would involve a reduction of staff by 275 employees. The company wants to reduce costs by €430 m by 2018. The company indicates that no direct dismissals will take place. Instead a system of voluntary leave has been announced whereby employees 53 years and older are able to leave the company and continue to receive a part of their wage in return. The employees affected are mainly administrative and support staff. There was a muted reaction by unions and employees to the announcement as in 2013 a similar operation took place.
Eurofound (2017), Engie Electrabel, Internal restructuring in Belgium, factsheet number 89835, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89835.
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...
