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 sanatorium Belorus, which is owned by the Belarusian state, is to dismiss 51 employees in Druskininkai. The company has already handed out layoff notices to 51 employees and informed the Public Employment Service about the dismissals. Among the workers who have been warned of redundancies are cleaners, nurses, teachers and physiotherapists. The main cause of dismissals is the European Union’s sanctions on Belarus. In December 2020, the European Union imposed sanctions on Belarus, resulting in the freezing of the company's Swedbank accounts in Lithuania. Belorus took the bank to court in the hope that the bank's actions would be declared illegal, but in early November 2021, the Vilnius Regional Court rejected the sanatorium's complaint and closed the case.
The Belorus sanatorium was established in Lithuania in 1997. Its activities include the treatment, rehabilitation and education of children with severe disabilities and the treatment and rehabilitation of adults. Currently, the sanatorium employs 298 employees in Druskininkai.
Updated, 27/10/2022:On 17 October 2022, the sanatorium Belorus announced plans to lay off an additional 60 employees. The main reason for the layoffs is a decrease in the flow of clients from Belarus. According to the management, the Ministry of Foreign Affairs of the Republic of Lithuania does not agree to mediate in granting visas for entry into Lithuania for treatment and rehabilitation of children from Belarus.
Eurofound (2022), Belorus, Internal restructuring in Lithuania, factsheet number 106919, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106919.
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...
