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 its plans to close five hypermarkets in Bydgoszcz, Warsaw, Zabierzów and Sosnowiec. According to the company, the decision was taken in light of changing internal structures. The collective dismissal is expected to affect up to a maximum of 2,117 employees, which include 1,996 ordinary and 121 managerial positions. The company plans to carry out these redundancies between 10 October 2019 and 31 January 2020. Conditions of the labour adjustment plan are to be negotiated with trade unions, and redundant employees will receive a severance payment.
Operating in Poland since 1992, the company has around 350 stores across the country and employs nearly 20,000 people. In 2019, the company already announced three other restructuring programmes: January (1,300 jobs cut), June (1,480 jobs cut) and August (2,154 jobs cut).
Eurofound (2019), Tesco, Closure in Poland, factsheet number 98880, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98880.
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...
