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.
Competence Call Center (CCC), which controls the contents of the social network Facebook, has reached a pre-agreement with the company employees' committee to offer up to 250 paid redundancies within the company’s adjustment plan. It is worth stressing that the company is currently under a temporary lay-off process (ERTE) affecting 680 people. According to the unions. It is quite possible that these 250 redundancies will be covered on a voluntary basis, so the number of people affected by the temporary lay-off process (680 people) would be reduced.
The proposal agreed by the company and the unions foresees severance payments of 23 days per year worked. This adjustment process comes after the company was sanctioned by the Labour inspection for failing to comply with the law on the prevention of psycho-social risks.
A global restructuring plan has been announced for Facebook's parent company, Meta, in the ERM database. In 2022 the company announced 11,000 job cuts (Meta-2022-WO), and in 2023 an additional 10,000 job cuts (Meta-2023-WO).
Eurofound (2023), Competence Call Center (CCC), Internal restructuring in Spain, factsheet number 108634, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108634.
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...
