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.
Parks and Resorts, the Swedish company amusement park and zoo operator, announced its plan to dismiss 110 employees due to the effects of the COVID-19 pandemic. In addition to the dismissals, the company has also cut down, so far, the number of seasonal employees from 3,350 to 200.
The company estimates that the effects of the COVID-19 pandemic will have a significant impact. Last year their sales were around 1,4 billion SEK. An optimistic estimate for this year is that sales will worth half of the ones of 2019. The worst-case scenario is one billion SEK in revenue loss.
An opportunity to cushion the economic effects of the pandemic could come up when the Swedish authorities will relax the measures regarding the number of customers the company is allowed to have in its parks – the current maximum is 50 people - and when they will allow the company to open to the public further attractions.
Parks and Resorts is a privately held theme park company founded in 2000, that owns three amusement parks (Gröna Lund, Skara Sommarland and Furuvik) and one zoo (Kolmården).
Eurofound (2020), Parks and Resorts, Internal restructuring in Sweden, factsheet number 100734, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100734.
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...
