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 US-owned manufacturer of automotive components Neapco announced that it will implement a collective dismissal programme affecting up to 258 jobs at the production facility in Praszka, Poland. The conditions of the programme will be negotiated with the local trade unions; the management will propose a voluntary leave programme. As the source reports, the programme is related to the COVID-19 pandemic and a drop in demand on the automotive market; the company also uses the measures provided by the anti-crisis scheme.
Neapco was founded in 1921 in the United States. Currently, the company employs over 3,200 people at 11 locations around the world. Neapco provides its products, including driveshafts and aluminium castings, to such brands as Ford, BMW, Volkswagen, Daimler, Renault, Volvo and General Motors. Neapco employs 964 people in the Praszka factory.
Eurofound (2020), Neapco, Internal restructuring in Poland, factsheet number 100820, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100820.
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...
