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.
In April 2020, the low-cost airline Norwegian sent a notification of dismissal to all of its 400 cabin crews in Sweden, due to the effects of the COVID-19 pandemic.
The employees who lost their job were mainly based in Arlanda airport in Stockholm. The internal restructuring has been provoked by the significant impact of the health crisis on Norwegians profitability, entailing also that all domestic flights operated by Norwegian in Sweden were suspended in March 2020.
The company experimented financial problems also before the COVID-19 crisis and in May 2020 Norwegian was reported being close to filing bankruptcy before the shareholders accepted a saving plan. Furthermore, in April 2020, four of the subsidiaries of the Norwegian Group filed bankruptcy in Sweden and Denmark. The company ended its contracts also with two staffing agencies, OSM Aviation and Rishworth.
Norwegian is the fourth largest low-cost carrier in Europe and Norway's largest airline. In terms of passenger numbers, it has been ranked, in 2013, as the ninth-largest airline in Europe.
Eurofound (2020), Norwegian, Internal restructuring in Sweden, factsheet number 100353, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100353.
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...
