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 industrial company SEGURA, dedicated to the design, development and manufacturing of metal components for the automobile, has communicated to the workers' representatives the proposal for a collective dismissal plan affecting 167 employees, all of them in the automotive division of the firm. The company argues that this workforce adjustment is due to forecasts for a decline in the automotive sector in the coming years (at least during 2020 and 2021) because of the effects of the COVID-19 crisis. In addition to the collective dismissal, the company plans to move its production activity from the Burjassot plant to Almussafes (Valencia), to be closer to its main client (Ford). The company plans to convert the Burjassot facilities into an R&D center when the company recovers economically. Company and unions are currently negotiating the terms of the restructuring.
Eurofound (2020), Segura, Relocation in Spain, factsheet number 101121, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101121.
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...
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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...
