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 Damen Group, a Dutch defence, shipbuilding and engineering Conglomerate Company has announced its plans to dismiss 870 employees by end of 2020 from its Galati and Mangalia shipyards. The Dutch company indicates that earlier this year it had ambitious plans to move towards building ships with of zero-carbon navigation potential and to increase the digitalisation and standardisation of its platforms. However, the low price of oil has partially led to a slowdown in offshore vessel segment. Coupled with the consequences of the COVID-19 outbreak, it led to the need for short-term organisational changes aimed at ensuring that the company adapts to the new reality.
The company also plans to dismiss 173 employees in the Netherlands.
The unions did not react to the announcement.
Currently, Damen has a workforce of 4,475 employees in its two locations in Romania.
Damen Shipyards Group employs 12,000 people worldwide, at 36 production sites in 100 different countries.
Eurofound (2020), Damen, Internal restructuring in Romania, factsheet number 101692, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101692.
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...
