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.
Schaeffler, a leading supplier to the automotive industry, announced 1,300 job cuts in Germany. The restructuring is due to a continuing decline in orders and will impact 650 jobs in manufacturing and 650 in administration. The company is severely affected by the downward trend of the diesel market and in spring 2019 released a restructuring programme involving the cutting of 700 positions in Germany and further 900 positions worldwide. The 1,300 job cuts are additional to the 700 planned cuts and will be implemented starting 1 November 2019.
Following on meetings with the works council, all cuts will be realised based on an agreed two-sided voluntary redundancy programme, implying that no worker shall leave the company unless both the company and the worker agree to it. To make the redundancy attractive, the company is offering severance payments, partial or early retirement options. The voluntary redundancy programme will last until the end of 2020.
Eurofound (2019), Schaeffler, Internal restructuring in Germany, factsheet number 99111, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99111.
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...
