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.
Continental, Germany's automotive component production giant, is expanding in Lithuania and is to create around 100 new jobs in Kaunas over the next few years. On 7 November 2022, the company has announced the opening of a new service centre in Kaunas that will serve Continental's business customers in Italy, Germany, France and other European countries. According to the management, the service centre is an additional investment of the company, which is not part of the project of the already operating Continental factory in Kaunas. The centre will perform data analysis and processing as well as administration functions, and will hire about 100 employees in the next few years. The company will be looking for data analysts, logistics operations specialists, project managers and other professionals. Currently, Continental employs 690 employees in Lithuania.
Continental is a one of the leading manufacturers of automotive electronic components in the world. The company operates in 58 countries and employs around 236,000 employees worldwide.
Previous business expansions were recorded in the ERM database early in January 2022, with 500 jobs created (Continental Automotive Lithuania-2022-LT).
Eurofound (2022), Continental Automotive, Business expansion in Lithuania, factsheet number 107700, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107700.
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...
