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.
German automotive component manufacturer Hella Lithuania is to create around 100 new jobs in Kaunas free economic zone by the end of 2023. The automotive technology company Faurecia acquired an 80% stake in Hella at the beginning of 2022. The cooperation between these companies is expected to lead to further rapid growth of Hella Lithuania. The company has announced that it intends to invest more than €30 million in development and hire more than 100 new employees in Kaunas in the coming years. The number of employees in Hella Lithuania is expected to reach around 400 by the end of 2023.
Hella Lithuania belongs to Forvia group which was formed after the successful completion of the acquisition of a controlling stake in Hella by automotive technology company Faurecia on January 31, 2022. Currently Hella Lithuania employs 293 employees.
Eurofound (2022), Hella Lithuania, Business expansion in Lithuania, factsheet number 107213, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107213.
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...
