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.
Indian IT consulting company HCL has formally submitted a notification to the Swedish Public Employment Service, which provides for the dismissal of 250 positions in Sweden from the company's subsidiary Global Shared Services (GSS). However, the company expects the final number to be lower. The job reductions aim at reducing the production costs of GSS, meeting the company's financial challenges. It is expected that the positions will be offshored to India.
The company believes the new organisation within GSS will be effective as of 1 September 2019. Those employees who are planned to be dismissed will be informed by 24 June 2019.
Eurofound (2019), HCL Technologies, Offshoring/Delocalisation in Sweden, factsheet number 98050, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98050.
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...
