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.
Supermarket chain Tesco announced that it will implement a collective dismissal programme affecting 2,154 jobs. The redundancies will be carried out between 22 August and 31 October 2019 and will affect 1,923 rank-and-file employees and 231 managerial positions. The dismissals are caused by the decision to close Tesco's hypermarkets in Gliwice, Rzeszow, Tychy, Warsaw and Żary. The conditions of the programme will be negotiated with the local trade unions, and redundant workers will receive a severance pay. According to Tesco, the decision was taken due to economic reasons.
Tesco has been operating in Poland since 1992; the company has about 350 stores across the country and employs 22,000 people. In 2018, the company announced three restructuring programmes: in February (600 jobs cut), June (240 jobs cut), and August (2,200 jobs cut). In 2019, two restructuring programme were announced: in January 2019 (1,300 jobs cut) and June (1,480 jobs cut).
Eurofound (2019), Tesco, Closure in Poland, factsheet number 98292, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98292.
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...
