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.
As announced on 22 January 2023, the German steel manufacturer Salzgitter AG is planning to reduce the number of its employees in Germany by 500 to 800 people until 2033. According to the company, fewer employees will be needed in the future due to the continuous conversion of its production to carbon-neutral processes. The job reduction will exclusively be achieved via the age pyramid – retiring employees will not be replaced. Salzgitter AG expects, that 30% of its employees will have retired by 2030.
Currently Salzgitter has approximately 24,000 employees worldwide.
Eurofound (2023), Salzgitter AG, Internal restructuring in Germany, factsheet number 108234, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108234.
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...
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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...
