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.
Gelsauga, a company providing support and security services to the Lithuanian railway company Lietuvos Geležinkeliai, is going to dismiss all 443 employees in Vilnius. Lietuvos Geležinkeliai has decided to separate security and support activities that were provided by Gelsauga. According to management, Gelsauga will be closed and the security activities will be transferred to the newly established company Saugos paslaugos. Lietuvos Geležinkeliai will buy support services from other companies that have won the tenders. Some of the current employees of Gelsauga will be transferred to the new company.
Gelsauga has been a subsidiary company of Lietuvos Geležinkeliai since 2007. It provided support services like facility management, maintenance of building systems, security and cleaning services. Gelsauga has already dismissed 555 employees at the beginning of 2019 (see previous case Gelsauga 2018 LT).
Eurofound (2019), Gelsauga, Closure in Lithuania, factsheet number 97908, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97908.
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...
