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 executive board of the ABS Group, owned by ABS Sisak, approved the company's investment programme worth a total of EUR 400 million, and part includes the construction of a new iron rolling mill in Sisak and until the end of 2022, it will employ 100 new workers. Danieli Digital Melter's new steel melting technology should enable the direct use of renewable energy sources, and according to the announcements, instead of a conventional electric furnace, solar energy will be used by installing 160,000 square metres of solar panels, which will make ABS a leader in green steel production.
Danieli decided to enter the investment venture of ABS in response to the sharp increase in demand for steel across Europe, and major changes on the global steel market, which began being felt before the war in Ukraine broke out. After the construction of the new rolling mill is completed, Sisak's ABS will also sell those finished products, which will be a big step forward in terms of their further business. The Sisak ironworks is otherwise already achieving constant growth, and operates mainly on foreign markets, from Italy to Turkey and Germany.
Eurofound (2022), ABS Sisak, Business expansion in Croatia, factsheet number 106719, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106719.
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...
