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.
Cellnex, the Spanish wireless telecommunications infrastructure and services company, has reached an agreement on a collective redundancy plan with the worker's representatives of its subsidiaries Retevisión, Tradia and On Tower. The agreement will affect between 240 and 252 employees and will be voluntary redundancies. On the one hand, those affected workers who reach 57 years of age or older in the period 2022-2025 with at least seven years of seniority in the company will receive 75% of their net salary until the age of 65. The rest of those affected employees will receive a compensation equivalent to the salary of 45 or 33 days per year worked with the maximum legal ceiling. Cellnex has accelerated in recent years its transition from the traditional business of signal distribution in the audiovisual segment to the field of mobile phone tower management. This has led to the recruitment of new professional profiles and the implementation of automation processes.
Eurofound (2021), Cellnex, Internal restructuring in Spain, factsheet number 106134, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106134.
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...
