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.
Royal IHC is a Dutch shipbuilding company, located in South-Holland. They announced the dismissal 250 employees as a result of a major internal restructuring. They are not receiving enough large orders and can no longer afford to employ the same number of employees. Additionally, the company is now facing competition from Asia. With a voluntary severance package, they hope to keep forced dismissals at a minimum.
This is not the first time the company has encountered problems. In 2020, Royal IHC was saved from bankruptcy, and in 2021 around 1,000 jobs were cut worldwide. Moreover, later this year, one of the company’s two locations, Krimpen aan den IJssel, will be temporarily closed. The company is currently hoping for future orders from the Dutch Ministry of Defence.
Royal IHC currently employs 2,500 people in the Netherlands. A previous announcement was recorded in the ERM database in November 2020, with 300 job cuts (Royal IHC-2020-NL).
Eurofound (2022), Royal IHC, Internal restructuring in Netherlands, factsheet number 107465, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107465.
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...
