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.
Japanese-owned Yazaki Wiring Technologies, which produces bunched cables for the automotive industry, is reported to be cutting jobs in its plant in Michalovce, Slovakia. According to available information, about 600 workers will be made redundant by September 2017. However, there are concerns that the restructuring may affect around 1,000 jobs at the factory. The redundancies are attributed to step-by-step offshoring of the company's production in Slovakia to Romania, where the group employs more than 4,500 people in three factories in Craiova, Arad and Plojest. In March 2017, the factory in Michalovce had 2,600 employees compared to the current 2,550 staff, suggesting that the reduction in staff has been underway for some time. Due to a lower amount of orders, the company's revenues fell by around 25% down to €85.8 million between 2015 and 2016.
Eurofound (2017), Yazaki Wiring Technologies, Offshoring/Delocalisation in Slovakia, factsheet number 91788, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91788.
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...
