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.
Spanish insurance services company Mapfre, present in 49 countries, announced a voluntary early retirement plan in Spain that will affect around 250 employees of a certain age and in jobs that will disappear due to the company's digital transformation process. The final number of affected workers will depend on the number of voluntary applications. The company is an important player in the Spanish and global insurance sector and is the tenth largest company in the sector in Europe and the third in Latin America.
The company created 150 jobs previously in July 2019.
Update 28/09/2021: Mapfre has started the implementation of a voluntary redundancy plan for its workforce, which will affect 250 people, although the final figure will depend on the number of requests and whether the agreed age and seniority requirements are met. According to the unions, the final agreement establishes that the plan will only affect workers between 57 and 63 years of age, and those affected will receive 70% of their annual salary (gross and variable remuneration).
Eurofound (2021), Mapfre, Internal restructuring in Spain, factsheet number 105272, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105272.
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...
