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.
As announced on 4 October 2017, the US-based beverage company Coca Cola will close its site in Weimar by March 2018 which will affect 178 of a total of 223 employees. All administrative activities and production will be shut down, whereas parts of human resource and finance department will be offshored to the Business Centre of Coca Cola European Partners in Sofia, Bulgaria. Logistics will be outsourced to an external partner as of September 2018. Exact numbers have yet to be announced.
According to Coca Cola, the site in Weimar is not profitable due to overcapacities which are the result of declining sales of the 1.5 litre recyclable PET bottle.
Coca Cola will soon start negotiations with the works council and trade union (NGG) regarding a social plan.
Eurofound (2017), Coca Cola, Closure in Germany, factsheet number 92307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92307.
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...
