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 IT consulting company OCTO Technology has announced the recruitment of 210 employees in 2021 at national level. The COVID-19 health crisis accelerated awareness of the need for digital transformation among many companies. In this context, the demand for certain technological skills has increased tenfold (cloud, data, security, delivery) and OCTO Technology aims to reinforce its team teams with technological and methodological skills. 30% of the new roles are available for recent graduates.
In 2020, OCTO has supported InVivo, Pass Culture, SNCF and Total. Since its acquisition in 2017 by Accenture, OCTO Technology expanded to 600 employees with an annual rate of 1,300 assignments. Four previous recruitment announcements have been recorded in 2020 (200 job creations), in 2019 (200 job creations), in 2018 (140 job creations) and in 2017 (100 job creations).
Eurofound (2021), OCTO Technology , Business expansion in France, factsheet number 103882, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103882.
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...
