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 Jananese carmakers, Nissan Motor, has announced a reorganisation to cut about 20,000 positions worldwide (15% of its global workforce). The restructuring plan is related to slumping sales amid the COVID-19 pandemic. However, the reorganisation had been in the making for several months. A plant located in Barcelone (Spain) should be closed. The group expect to cut mainly position in Europe and in some emerging economies as well as the realignment of output bases in Japan. This plan would be Nissan's most drastic job reduction since 1999, when the group, taken over by Renault, had cut 20,000 positions. Last year, Nissan announced 9,000 job cuts worldwide by 2023.
The global spread of the novel coronavirus has led to the suspension of Nissan's domestic and overseas plants, pressuring its sales in major markets such as North America and Europe. According to the company, Nissan's sales in the United States had dropped of 29.6 percent the first quarter 2020. In Europe, the drop reached 38.7% for the first four months of 2020 in comparison to the same period in 2019.
Eurofound (2020), Nissan, Internal restructuring in World, factsheet number 100739, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100739.
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...
