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.
The Norwegian retail company Elkjøp specialised in electrical household appliances cuts 12% staff costs, mainly in stores and at the headquarters. The restructuring is due to fall in demand as a result of high prices. The company experienced an upswing during the pandemic, but after the pandemic, the industry has experiences difficulties. Costs were cut in 2022, but additional measures are needed to recover financially. A trade union representative in the Union of Employees in Commerce and Offices (HK) states that the members are uncertain about the future and their financial situation. In the 13 stores with a collective agreement, the seniority principle will be important in the downsizing process, according to the trade union representative.
Elkjøp is one of the largest retail companies in electronics in the Nordic countries.The company was established in 1962 and is owned by the British Currys, one of Europe's largest retail companies. Before the downsizing, about 3000 employees work for Elkjøp in Norway.
Eurofound (2023), Elkjøp, Internal restructuring in Norway, factsheet number 108438, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108438.
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...
