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.
German manufacturer of footwear Ara Shoes has announced plans to close its plant in Șimleu Silvaniei (Salaj County) and to reduce its activity in Valea lui Mihai plant (Bihor County) in spring 2020: 2,050 employees , in production and in administrative positions will be affected. The first stage of the restructuring will consist in the closing of the factory in Salaj, and the second, reducing by 50% the staff of Bihor, from 900 to 450, with attempts to redistribute the employees to other group's brands such as Lloyd and Legero Romania. The company is trying to find redeployment opportunities for the affected employees within its other divisions, including Lloyd and Legero Romania.
According to a company's spokeperson, the reasons behind the closure and the reduction of its activity are skilled workforce shortages and an oversized production compared to the actual sales over last years. The company stated that they will respect all the statutory social protection measures.
The company employs 2,500 people in Romania. Globally, Ara Shoes has a workforce of about 4,000 people across two countries.
Eurofound (2020), Ara Shoes, Closure in Romania, factsheet number 99682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99682.
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...
