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 Ministry of Transport and the Croatian Motorways Authority are going to dismiss staff from the state-owned company (Hrvatske autoceste – HAC). The HAC's business restructuring programme was recommended by Deloitte's consultants. Deloitte suggests the abolition of up to 40 of the 90 existing management posts within the HAC. In addition, they found that 140 positions in the company's administration are unnecessary. Therefore, various independent departments will be abolished or merged, while their heads will be appointed to lower positions.
The mentioned 140 administrative staff will be dismissed by the end of 2019 with severance payments averaging a gross amount of HRK 0.16 million (€21,500) per person, which is a significant payment for Croatian circumstances. The HAC states that this rationalisation will reduce the annual cost of more than HRK 25.5 million (€3.42 million). The restructuring programme got the support from the President of the company trade union Cestarski sindikat.
Eurofound (2019), Hrvatske autoceste - HAC, Internal restructuring in Croatia, factsheet number 97713, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97713.
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...
