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 German based travel operator TUI, formerly known in Norway as Star Tour, will cut a total of 150 jobs in Oslo (Norway), Malmö (Sweden) and Helsinki (Finland) following a closure of airbases in those cities. The company is closing down the airbases to increase flexibility, cut costs and respond to changes in the market. Norwegian and Jettime will take over the flight routes that TUI is closing down.
TUI has started negotiations with the trade unions. A company spokeperson states that the company will do their best to ensure that the employees are taken care of, possible by the companies taking over the flight routes. The trade union Parat is critical to the closure. In a press release, a shop steward states that the trade union understands the competitive situation of Norwegian and international aviation, but also that the closure shows a lack of responsibility for the employees.
TUI Norway was established in 1973 as Star Tour, and has since then become a part of TUI Nordic and the TUI Group (from 2000). The company covers the whole travelling sector value chain from package tours, flights, cruises and hotels.
Eurofound (2018), TUI / Star Tour, Closure in European Union, factsheet number 95550, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95550.
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...
