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 multinational foodservice company Compass Group, based in the UK, has announced restructuring measures for its division in Finland. As a result of diminished revenue during the COVID-19 pandemic, the company has decided to dismiss 365 people. In addition, the working hours of another 550 employees will be reduced from full-time employment to part-time work, and 2,300 will be subject to temporary lay-offs, either fixed-term or indefinite.
The CEO of the company stated tat teleworking has had a great negative effect on the company, as it is focused on catering for staff and school restaurants. The Group anticipates that some of these changes in consumer habits may be long-lasting or even permanent, whereby internal restructuring was considered necessary to increase the company's competitiveness.
The trade union representatives have expressed disappointment for the company's decision and are calling for restructuring through temporary layoffs rather than direct dismissals.
In Finland, Compass Group employs 3,500 people and runs around 600 restaurants. The company operates in several sectors, including business and industry, healthcare and the elderly, education, sports and leisure, and defence and maritime areas.
Eurofound (2021), Compass Group Finland, Internal restructuring in Finland, factsheet number 103346, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103346.
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...
