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.
Flink, the German food delivery startup, has announced that it is cutting 8,000 jobs from its global workforce during 2023 or around 40% of headcount. The job cuts will be targeted at all departments within the company though the technology department will be excluded. Difficult market conditions during 2022 has resulted in the company having to raise retail prices and review its cost structures. This restructuring is a result of the review, as well as a renewed focus on Germany, France and the Netherlands. It is in these countries where the cuts have also been targeted. Flink has also announced that it has, and will continue to, close department stores as part of the restructuring.
Eurofound (2023), Flink, Internal restructuring in World, factsheet number 108835, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108835.
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...
