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 Nederlandse Aardolie Maatschappij (NAM), responsible for the exploration and extraction of Dutch natural gas, announced 200 job cuts.
NAM suffered from falling gas prices. In addition, the company anticipates the expected shutdown the extraction of Dutch natural gas. The Dutch government is expected to decide on the gas extraction shutdown after several earthquakes in the province of Groningen led to serious damages. Therefore, around 200 permanent employees are to lose their job.
The reorganisation was already expected since the company stated that a reorganisation in 2021 was likely. Moreover, the company already predicted another reorganisation in 2022. According to the company, stepwise restructuring is the best way to deal with these significant changes in the company's structure.
Overall, NAM forecasts to keep around 1,400 employees, of which about 1,000 are permanently employed. NAM is a joint venture of Shell and ExxonMobil and was established in 1947 to explore the Dutch oil and natural gas resources. This news follows 500 layoffs in October 2020.
Eurofound (2021), NAM, Internal restructuring in Netherlands, factsheet number 103508, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103508.
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...
