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.
Äripäev, mainly active in the journalism sector, will cut 14% of the positions at the company, which accounts for around 40 jobs in the current pool of 274 roles. The redundancies will take place in April 2020. The company explained that the dismissals are likely to affect fewer people than announced, as some of the positions to be cut are vacant at the moment.
Additionally, as a temporary measure, the wages of the remaining employees will be reduced by 15%, however, there is no end date in place for this measure. These measures are a result of the coronavirus outbreak which impacts the economy strongly. According to the representative of Äripäev, the company must decrease its expenses by one third over the next 9 months, which accounts for around €3.5 million.
Eurofound (2020), Äripäev, Internal restructuring in Estonia, factsheet number 100237, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100237.
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...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
