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 American pharmaceutical company Baxter is closing its production line in Lund (Sweden), resulting in a total of 360 employee dismissals. This is part of a large-scale restructuring within the Baxter group. Employment reductions will come into effect during 2019 and go on through to 2022.
Baxter has approximately 540 employees at its Lund site, meaning 2/3 of total employees will be dismissed. This includes all 250 workers on the production line, 40 workers in research and development and 70 workers in support. As a result of the restructuring, Baxter's site in Italy will be the basis for the company's European production.
A company spokesperson commented that the research and development division as well as some of the support functions will stay in Lund and that new competencies will be needed there during the coming years. This means that, even though production will no longer take place in Lund, other key operations will stay at the site and offer employment in other sectors of the company.
Eurofound (2018), Baxter, Internal restructuring in Sweden, factsheet number 95627, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95627.
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...
