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.
Gurit, a company which manufactures composite material for use in wind turbines, boats and cars, has announced that it will transfer it manufacture from Newport (UK) to Spain, resulting in the loss of 70 jobs. The decision has been taken due to changes in the production process by the firm's customers in the wind turbine industry, who have switched to different manufacturing methods. Gurit has confirmed that other parts of the UK business will not be affected and investment will continue at the site which employs around 300 staff. Some production of turbine composites will continue though from Summer 2018 this will be at the company's site in Spain.
Eurofound (2017), Gurit, Offshoring/Delocalisation in United Kingdom, factsheet number 92318, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92318.
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...
