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 management of the clothing company C&A has announced a reorganisation project that will result in the closure of 30 stores in France (out of 150) and 13 stores in Germany (out of 450).
In France, 216 jobs will be cut in 2020. In 2019, C&A had announced the closure of 14 stores in France (out of a total of 160) and the loss of 120 jobs. The first set of measures taken in the summer of 2019 have not been 'sufficient, according to the management' reported a trade unionist of Force Ouvrière. Although this first operation has not yet been completed, the company announced this new reorganisation. The group closed eight stores in France in 2018, and 13 in 2017.
In Germany, C&A has not given details on the number of job cuts, but it can be estimated that over 100 people are affected. A company spokesperson reported on 24 January that affected stores are located in Saxony-Anhalt, Baden-Wuerttemberg, North Rhine-Westphalia, Rhineland-Palatinate, Lower Saxony, Bavaria, Berlin and Brandenburg. The spokesperson stressed that the company will find reemployment solution for the affected employees.
C&A employs 50,599 people worldwide including 30,657 in Europe, out of which 13,500 in Germany.
Eurofound (2020), C&A, Closure in European Union, factsheet number 99709, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99709.
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...
