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.
Volvo Trucks Ghent, the Belgian Volvo facility specialised in the production of trucks, has announced that it will hire 350 additional employees for its facility. The recovering economy, especially the growing demand in e-commerce sector, is seen as one of the main drivers behind the expansion, as this has led to an increased demand in trucks.
Update on 18/05/2021: Volvo Trucks Ghent released an additional announcement a few weeks later. Given the increased demand for truck and construction machine parts, the company will recruit another 38 employees to work in the company warehouse, in addition to the original job creation plan. This will lead to a total of 383 vacancies for Volvo Trucks.
For previous restructuring events of Volvo Trucks in Belgium, see Volvo Trucks 2010 - BE andVolvo Trucks 2011 - BE.
Eurofound (2021), Volvo Trucks, Business expansion in Belgium, factsheet number 104796, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/104796.
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...
