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.
Blokker, a Dutch retail chain specialised in household articles, has announced the closure of 69 of its 190 stores across Belgium leading to the dismissal of 302 employees. The motivation for the closure of the stores, according to management, is a decline in turnover by 20% over the last five years including operating losses in 2015. Trade unions have reacted angrily to the announcement and indicate that they will try to save as many jobs as possible by applying the Renault procedure. In addition to that they demand realistic future plans for the entire chain. Federal Minister of Work Kris Peeters has described the situation as dramatic and has discussed the matter with the company management.
Eurofound (2017), Blokker, Closure in Belgium, factsheet number 90240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90240.
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...
