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 public hospital Karolinska universitetssjukhuset announced plans to cut 550 positions within its administration units at all levels. The hospital announced that they need to save nearly SEK 1 billion (€92.89 million) during 2019, and the dismissals are set out as a measure to tackle economic deficits. In April 2019, the deficit was SEK 620 million (€57,59 million). The hospital director expressed in a press release that this is an 'economic emergency' for the hospital.
The economic deficit can also be seen in the light of the recent criticism against the construction of a new hospital building for Karolinska universitetssjukhuset. The criticism has mainly been about the high cost,nearly SEK 60 billion (€5,57 billion), due to a new model used in the public procurement of the construction of the building. The model makes a private actor responsible for building, running and financing the hospital. As a reaction against the increasing costs, one of the parties in the government proposed a legislation that forbids this kind of procurement in September 2018.
Update 14/2/2020: In February 2020, the hospital informed that the dismissals will stay under the announced figure of 550 positions - the restructuring will affect between 300-400 administrative workers in total.
Eurofound (2019), Karolinska universitetssjukhuset, Internal restructuring in Sweden, factsheet number 97730, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97730.
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...
