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.
Dutch lighting company Signify has announced that it will cut 700 jobs worldwide, including 250 positions in the Netherlands. The dismissals will be carried out at different units across the globe, including Mississippi in the United Stated, where Signify is to close a plant and cut 135 jobs. The restructuring programme is related to the COVID-19 pandemic, as the company registered a drop in demand for lighting systems, and does not expect the market to be back at pre-pandemic sales' level until 2023.
Signify, previously Phillips Lighting, is the world’s biggest provider of lighting for professionals and consumers. Globally, the company is present in over 70 counties and employs 37,000 staff.
Eurofound (2021), Signify, Internal restructuring in World, factsheet number 103531, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103531.
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...
