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 aeronautical subcontractor BT2i has announced a reorganisation with 199 job cuts in its various subsidiaries in France. The reorganisation involves the closure of the site of its subsidiary Simair at Colomiers (Haute-Garonne, 49 employees). Other job cuts will take place at the following sites: Simair, based in Rochefort (Charente-Maritime), will be affected by 11 job cuts out of 190; Map, in Serres-Castet and Pontacq, in the Pyrénées-Atlantiques will cut 105 jobs out of 270, Cauquil in Mondouzil (Haute-Garonne), will cut 34 jobs out of 90. Caromar Techno in Bidart (Pyrénées-Atlantiques) will see its staff be transferred to another site. BT2i's general manager explains that with the drastic reduction in production rates of all the company's customers, BT2i needs to reorganise its industrial setup. The group, 95% of which works for the aeronautics industry, brings together a group of SMEs acquired over the last few years, based mainly in the regions New Aquitaine and Occitania.
The reorganisation is part of a worldwide plan aiming to cut 780 jobs.
Eurofound (2020), BT2i, Internal restructuring in France, factsheet number 102004, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102004.
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...
