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.
Spotify, the Swedish music streaming company, has announced plans to lay off 600 employees from its global workforce. The company employs approximately 5400 people in USA and 1900 in Sweden. What units and where the job cuts will be made has not been announced, however, the CEO has stated that internal communication has begun. The cuts are part of a strategy to avoid further drops in Spotify's share market value as growth goals are not being met coming out of the Pandemic. In particular, as revenue has dropped significantly for the company. Spotify has announced the redundancies will amount to €35 to €45 million of severance-related charges and that employees will receive an average of five months of severance and continued health-care coverage, as well as immigration support for workers whose immigration status is connected with their employment.
Eurofound (2023), Spotify, Internal restructuring in World, factsheet number 108231, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108231.
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...
