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.
Two international steel producers, the Indian-owned Tata Steel Europe and German ThyssenKrupp, will merge their European steel producing activities, resulting in some 4,000 job losses across Europe of which between 100 and several hundred job losses are expected to fall in the Netherlands, where one of Tata Steel Europe's largest steel production facilities is located in IJmuiden (west Netherlands).
Some of the jobs will be concentrated among support staff in for example sales, marketing, and administration, resulting from a duplication of positions during the merger, and are expected to affect various locations across the Netherlands. About half of job losses are expected to fall in production jobs at Tata Steel but may not disappear, as downstream activities are sold off to other companies. The unions already anticipated job losses when the merger was first announced. The director of the Dutch division of Tata Steel Europe has stated that an employment pact has been negotiated with the unions, according to which the majority of job losses are expected to occur through natural attrition.
As of October 2017, the Tata Steel Group employs some 80,000 employees in some 50 countries worldwide. ThyssenKrupp employs some 156,000 employees in over 80 countries worldwide.
Eurofound (2017), Tata Steel, Merger/Acquisition in Netherlands, factsheet number 92217, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92217.
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...
