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 Hamburg Commercial Bank, the former state bank of the states of Hamburg and Schleswig-Holstine, privatised in 2018, announced a jobs cut programme. Major jobs cutting plans were announced by the end of 2018 as part of an ongoing restructuring process but numbers were not confirmed. From 30 June 2019 to the end of 2022 the number of positions (in full time equivalents) shall decrease from 1,630 positions to 950 in Hamburg and Kiel. In Kiel, the former financial institutions will be completely restructured to serve as an IT and service point. Out of the current 500 positions, 200 will remain.
Eurofound (2019), Hamburg Commercial Bank (HCOM), Internal restructuring in Germany, factsheet number 98448, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98448.
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...
