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.
Banco Sabadell and workers' representatives reached an agreement on a collective redundancy plan affecting 1,800 employees (11% of the workforce). The agreement foresees that most of these redundancies will be through voluntary pre-retirement for employees over 55, and the rest through voluntary redundancies.
The agreement establishes a severance payment of 20% of annual salary for employees between 63 and 64 years old, and 10% for those older than 65. For employees between 56 and 63 years old, the company offers 75% of the annual salary, with a maximum of €300,000 euros. With regard to incentives to leave for people under 56 years old, the agreement establishes compensations of 35 days per year worked. According to CCOO union, the improvement in the economic conditions of the early retirements were key to reaching an agreement.
Eurofound (2020), Banco Sabadell, Internal restructuring in Spain, factsheet number 105275, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105275.
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...
