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.
Airline company Polskie Linie Lotnicze, also known as LOT Polish Airlines, is to launch several new flights from its base in Budapest Airport. As part of the business expansion of its operations in Budapest, the company intends to hire 60 pilots and 150 flight attendants by the end of summer 2020. From March 2020, the company will operate flights to Prague, Stuttgart, Belgrade and Sofia. Due to delays in aircraft delivery, flights to Bucharest and Brussels will launch as well in March 2020.
This restructuring event constitutes an ongoing effort to expand operations in Budapest. In fact, the company launches direct flights to Seoul in September 2019 and intends to purchase several jets for new flights across Europe.
Eurofound (2019), Polskie Linie Lotnicze LOT, Business expansion in Hungary, factsheet number 98368, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98368.
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...
