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.
Used car retailer AAA Auto announced that it will create 270 new jobs in three European countries where it operates. The restructuring is the result of recent high sales after the COVID-19 crisis and the plan to internationally expand business.
Under the business expansion, AAA Auto is to hire 183 employees in the Czech Republic, 25 in Slovakia, and 62 in Poland. The company is recruiting accounting and administrative staff as well as call centre operators, car dealers, financial product intermediaries and car preparation staff. The company is to strengthen its sales network after the reopening of its branches. Additionally, AAA Auto plans to open new branches in Poland and online sales through the start-up Driverama which will operate in Western Europe.
The company is a subsidiary of AURES Holding, which is the largest automotive company in the field of used car buying, selling, financing, insurance, and upscale services in Central and Eastern Europe. Currently, the group employs over 2,400 people in Europe; it has almost 50 branches in the Czech Republic, Slovakia, Poland, and Hungary.
Eurofound (2021), AAA Auto, Business expansion in European Union, factsheet number 105056, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105056.
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...
