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.
Second-hand car dealer AAA Auto has announced 300 dismissals from its workforce of 2,000 staff in the Czech Republic due to the COVID-19 crisis. The workforce reduction was initiated in March 2020. AAA Auto is part of AURES Holdings. The group sells 86,000 cars a year and is the largest seller of used cars in Central and Eastern Europe with Czechia its biggest single market. In total the group employs some 3,000 people. Job losses in Slovakia, Hungary and Poland in addition to those reported for Czechia bring the total to 700.
Eurofound (2020), AAA Auto, Internal restructuring in Czechia, factsheet number 101110, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101110.
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,...
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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...
