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 confirmed on 13 November 2017, the light bulb manufacturer Ledvance will cut up to 1,300 of its 2,300 jobs in Germany due to internal restructuring. This includes the closure of its sites in Augsburg with 650 employees and Berlin with 220 employees by the end of 2018. Further, 400 jobs will be cut in Eichstätt, Wipperfürth and Garching by 2021.
Ladvance argues that such measurements are inevitable because the light bulb market will change within the next 8 year. The sale of traditional light bulbs, which are produced in Augsburg, is expected to decrease by 90%.
In March 2017, Ledvance was bought by a Chinese group.
Ledvance has 9,000 employees worldwide.
Eurofound (2017), Ledvance, Closure in Germany, factsheet number 92508, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92508.
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...
