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.
The British technological company Colt Telecom has announced a round of layoffs in its office in Cornellà de Llobregat (Barcelona) that will affect 147 workers. The jobs cuts will take place in different departments: 72 from the technical support, 56 from the orders validation department and 15 from the customer service area and 4 more not specified. According to UGT union statement, the reason of this collective layoff is to take the activity to India, from where Colt has already been offering services to European customers for half a year. UGT also points out that the apparent good economic situation of the company means that, with this workforce reduction, the company only seeks a reduction of costs to increase profits.
Update 20/07/2018: The workforce of Colt Telecom in Cornellà de Llobregat office approved the agreement with the company management for the collective dimissal that will finally affect 136 of the 500 workers at these facilities (about 30%). The pre-agreement also includes additional remunerations such as salary bonuses until the end of the contract, an employability program financed by the company, flexibility to protect people in more vulnerable conditions and an extra compensation of €3,000 for those over 50 years old.
Eurofound (2018), Colt Techcology Services, Offshoring/Delocalisation in Spain, factsheet number 94421, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94421.
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...
