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 Verralia group, which manufactures packaging glass for beverages and food products, has announced a reorganisation that will lead to 130 job cuts in France out of a total workforce of 2,500. The group is going to cut 80 jobs at the Chateaurenard site near Cognac (Charente) where a furnace will be closed, 50 jobs will be cut in the six other factories of the group which operates 14 furnaces in France.
Management explains that the group is being penalised by the fall in demand on the wine market and the parallel increase in imports. The group points out that the French market is experiencing a continuous increase in imports from more competitive foreign glassmakers operating in neighbouring countries. Imports now account for one third of the domestic market. As a result, Verallia claims to be in a situation of overcapacity in certain market segments and therefore forced to review its production capacity. The plan will include end-of-career arrangements, early retirement and a voluntary redundancy plan. The employee consultation-information procedure will begin on 22 June. In total, the group employs around 10,000 people in eleven countries.
Eurofound (2020), Verralia, Internal restructuring in France, factsheet number 100910, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100910.
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...
