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 French tyres manufacturer Michelin is to hire 400 persons at the metallic cord factories in Zalau (Salaj County) and Floresti (Prahova) by the end of 2019. The manufacturer invested €60 million in Zalau factories in 2017 creating 140 jobs. Michelin Zalau Cord was built as a green field investment in 2003-2004 and it has a total employee base of around 500.
Michelin Group entered the Romanian market in 2001 and it has invested over €400 million since then. At present, Michelin Romania employs around 3,500 people in three factories - two are located in Zalau (Salaj County) and one in Floresti (Prahova County).
The group has also a commercial network and a Center of Excellence and Shared Services, which provides support to various Michelin subsidiaries around Europe. The Group’s business activities for 12 countries are coordinated from Bucharest.
The group announced that it intends to hire 1,500 persons over the next 5 years.
Eurofound (2019), Michelin Romania, Business expansion in Romania, factsheet number 97508, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97508.
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...
