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.
Facebook, the US-based social media platform, is creating 10,000 new high-skilled jobs in Europe over the next five years. The recruitment process is covering Germany, France, Italy, Spain, Poland, the Netherlands, and Ireland. So far, the company has announced the creation of 5,000 jobs in Poland over the next five years.
Europe has always been important for the success of Facebook. The business expansion is related to the creation of ‘metaverse’, an entirely digital world where people can meet and lead social and professional life using virtual reality and augmented reality. According to Facebook, metaverse is creating new social and economic opportunities. A $50 million (€42.94 million) investment programme has been launched. Facebook is to invest in technology research in Europe, including research on Artificial Intelligence in France and virtual reality and augmented reality in Ireland.
Founded in 2004, Facebook currently employs over 60,600 people worldwide.
Eurofound (2021), Facebook, Business expansion in European Union, factsheet number 105444, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105444.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
