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 Norwegian retail company, Vita, which specialises in selling cosmetics and toilet articles, will cut 400 jobs in 99 stores in Norway. The previous owner of Vita, Cosmetic Group, went bankrupt in October 2019. The new owner, Jotunfjell Partners, is determined to continue the operations of Vita and the downsizing is part of a strategic cut, according to the General Manager. The company has not announced an official redundancy plan yet and there is no reference to the trade union’s opinion on the matter, but the retail sector generally has a low trade union density. In Norway, Vita will continue its business in 132 stores, from previous 231.
Eurofound (2019), Vita, Merger/Acquisition in Norway, factsheet number 99019, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99019.
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...
