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 US based company Flowserve, specialized in manufacturing transporation systems for liquids, gas and fumes, has announced 126 job cuts in Brunn am Gebirge (Lower Austria). The company referred to global difficulties in the oil and gas industry which required restructuring and the reduction of production capacities. Flowserve will cease production of pumps on the site in Brunn am Gebirge by the end of 2019, keeping only the competence centre with 60 employees. In the centre the focus will be on engineering, research and development and costumer service. Currently, the company employs 186 people at the site. Negotiations about a social plan for affected employees are currently underway.
Eurofound (2018), Flowserve SIHI, Internal restructuring in Austria, factsheet number 94466, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94466.
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...
