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 pan-European 24-hour news channel, Euronews, has announced that it will cut 198 jobs out of 500 in total at its headquarters in Lyon by October 2024. This restructuring is part of a plan to redeploy Euronews' editorial staff in Europe as the company is planning to open six new offices in various European capitals.
A negotiation period of several months has been opened with the unions on the principles and modalities of the reorganisation. The management has justified the decision in response to the accumulated financial losses of €160 million over 10 years. It aims to redeploy its staff to six major European cities, and to make Brussels 'the nerve centre of its operations'.
In November 2020, the channel launched a social plan that led to thirty departures, including ten forced departures. In 2012, it had recruited 100 people in the EU (EU-Euronews-2012)
Eurofound (2023), Euronews, Internal restructuring in France, factsheet number 108592, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108592.
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...
