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.
Thyssen-Krupp System Engineering, the German subsidiary of ThyssenKrupp, a steel manufacturer of motor engine testing machinery, is reducing 640 positions in Germany. The company is affected by the current market difficulties, transformation of the car industry and the shift to e-mobility. In November 2019 the company's management announced the intention to cut a total of 640 positions at its eight manufacturing plants in Germany. The plant in Bremen will be most affected - 300 out of current 788 jobs shall be shed. Another 80 jobs will be cut at Langenhagen in Lower-Saxony. There is no information which other units will be affected by the decision and what is the timeline of the redundancies.
Currently, the works councils and the management are negotiating redundancy plans and possibilities of lowering the number of job cuts.
The Thyssen-Krupp's management has revealed that the company also plans to create 100 new positions for matching the new digital and e-mobility trends.
Eurofound (2019), Thyssen-Krupp System Engineering , Internal restructuring in Germany, factsheet number 99457, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99457.
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...
