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 management of STMicroelectronics, the Franco-Italian company that manufactures and markets electronic chips, has announced the recruitment of 350 people in France, including engineers, operators and technicians. Indeed, the group is indeed facing the explosion in demand for electronic equipment in industry due to the digital transformation of the economy and the acceleration of teleworking as a consequence of COVID-19 health crisis. This growing demand is taking place in a context of shortage of electronic components.
The company is looking for graduates from engineering schools, business schools and universities. The group as mainly opened positions on permanent employment contract, but also some traineeships. Recruitment will also balance natural departures, so reducing the net number of jobs created. The group employs 46,000 people worldwide including 10,800 in France.
In 2017, the site of Crolles (Isère) already hired 250 employees. In 2016, the group cut about 430 positions in France as part of a restructuring plan that involved 1,400 jobs worldwide out of a total workforce of 43,000 employees.
Eurofound (2021), STMicroelectronics, Business expansion in France, factsheet number 105293, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105293.
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...
