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.
Jet Aviation, one of the world's four leading private aircraft maintenance companies, announced a reorganisation with 300 job cuts at its facility located at Basel-Mulhouse Airport (EuroAirport). The airport is located in an area straddling the French-Swiss border. The main part of the Airport in located at Saint-Louis (France).
The company, which employs nearly 1,200 people at the EuroAirport site, explained that 'it has entered a phase of evaluating potential actions to adapt the company's structure in order to maintain its health and financial stability'.
Management blames this reorganisation on the disruptions related to COVID-19, which led to a rapid decline in the company's business volume. Jet Aviation had deployed a variety of measures to limit the impact of the pandemic, such as reducing working hours or cutting certain expenses, in addition to the necessary adaptation of the facility to the new health constraints. However, these measures were not sufficient, according to management, which decided to lay off some of the employees at the Basel-Mulhouse facility. During the consultation phase with Jet Aviation's employees, the number of employees affected by this wave of dismissals is not yet known. However, the management does mention the maximum number of 300 job cuts that will be implemented in June.
Former reorganisations were recorded in the past: between 270 and 300 job cuts in 2012; 200 job cuts in 2011 but 500 recruitments in 2007.
Eurofound (2020), Jet Aviation, Internal restructuring in France, factsheet number 100715, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100715.
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...
