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.
Petroleum service company Stena Drilling will put its mobile drilling platform 'Stena Don' out of service from 1 December, dismissing all 180 Norwegian crewmembers. The rig will be put in long-term storage in Invergordon, Scotland. Stena Drilling kept the rig on standby for possible new missions after it lost a contract to work on the Troll oil field last fall, but has now decided to dock the rig more permanently due to the current market situation. Union representative for Safe in Stena Drilling, Stig-Rune Refvik, says the decision comes as a shock to the employees and that valuable competence will now be lost. Nevertheless, the union is generally satisfied with the way the company's management has dealt with the situation, notwithstanding a somewhat rushed process. Stena Drillings headquarters are located in Aberdeen, Scotland and the company has about 650 employees worldwide, with offices in Bergen and storage facilities in Mongstad, Norway. While all crewmembers on Stena Don will be dismissed, the situation for the rest of the Norwegian employees is undetermined.
Eurofound (2017), Stena Drilling, Closure in Norway, factsheet number 92397, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92397.
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...
