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.
As confirmed on 7 July 2020, the German airline Lufthansa plans to cut 11,000 jobs in Germany until 2023 due to internal restructuring. The worldwide job reduction includes the loss of up to 26,000 jobs and downsizes of air fleet from 760 to 660 aircraft machines. The decision comes in the wake of the COVID-19 crisis which has a strong negative impact on air travel and Lufthansa Group.
Furthermore, the newly published restructuring programme includes the reduction of board members of Lufthansa Cargo AG, LSG Group and Lufthansa Aviation Training; utilisation of state loans as fast as possible to avoid additional costs; a reduction of executive positions within the entire Lufthansa Group by 20%; the cut of 1,000 jobs in administration and the reduction of planned investments until 2023.
Lufthansa and the responsible trade unions have already started negotiations around the restructuring plan. The trade union Ufo (representing cabin crews) have already agreed on a job reduction, which will save the company approximately half a billion euros in costs and rest of the cabin crew employees will gain a non-dismissal clause until 2023. Negotiations with Ver.di (ground personal) and the trade union Cockpit (pilots) are still ongoing. Lufthansa has 138,000 employees worldwide.
Eurofound (2020), Lufthansa, Internal restructuring in Germany, factsheet number 101177, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101177.
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...
