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.
British textile manufacturer Alison Hayes has announced the closure of its plant in Urziceni which will result in the loss of all 394 jobs (permanent full-time positions). The Urziceni plant will be closed by early May 2017. The company also announced that some 60 workers, supervisors, managers and administrative staff, who are currently employed in Urziceni, will be relocated to the plant in Buzau.
The closure of the plant is mainly attributed to the increase in minimum wages, the poor infrastructure in the area and the weakening of the pound following Brexit.The trade union has so far not reacted to the announcement. According to media reports, needlewomen and seamstresses employed in Urziceni plant receive a gross salary of RON 1,800 — 2,000.
Alison Hayes has 1,339 employees in Romania, of whom 394 employed in Urziceni, 669 in Buzau and 276 in the administrative divisions of the company. The Urziceni plant, which is set to close, was established in 1994.
Eurofound (2017), Alison Hayes, Closure in Romania, factsheet number 90496, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90496.
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...
