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.
After announcing a savings plan last March concerning 7,500 jobs, the French telecommunication operator Orange has signed a new intergenerational agreement for 2022-2024 with trade unions, to recruit 8,000 people on permanent contracts over the next 3 years. Orange will mainly recruit young people under-30s and offering a new part-time scheme to the oldest workers. Based on voluntary, this part-time measure will allow older workers to adjust their working hours over a period of 18 to 60 months prior to their retirement. The agreement is due to come into force on 1 January 2022.
The group has 83,000 employees in France and 143,000 worldwide and has a turnover of €42 billion. Taking into account the 7500 job reductions announced in March and the recruitment announced, the net job creation should reach 500 positions over the next three years. According to the CFE-CGC trade union which refused to sign the intergenerational agreement for 2022-2024, the company should face between 6,000 and 10,000 natural departures over this three years period, which could lead to 2,000 job reductions to 2,000 job creations.
Eurofound (2021), Orange, Business expansion in France, factsheet number 106069, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106069.
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...
