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.
Latvian national airline, airBaltic, reports that in line with the expansion of the company and recovery of the aviation sector from the COVID-19 pandemic, it will try to increase the number of employees from its current 2,143 to 2,500 in 2023. In 2022 the airline announced 225 vacancies. The majority of job applications were for co-pilot, steward and mechanic positions, which represent the majority of professions at airBaltic currently. Job applications were received from Latvia as well as from other countries. airBaltic CEO Martin Gauss said that further increeses in the workforces are likely with the expansion of the company's air fleet.
airBaltic is a national airline in which the Latvian state is the largest shareholder (97.96%). As reported previously, during the COVID-19 crisis, the company had to reduce the number of employees (LV-airBaltic-2020). Later, with the recovery of the aviation sector the company has reported increase in the workforce (LV-airBaltic-2021).
In 2022, in total the company hired 931 new employees.
Eurofound (2023), airBaltic, Business expansion in Latvia, factsheet number 108187, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108187.
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...
