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.
In June 2023 EXELDIST announced an ERE (labour force adjustment plan) of contract termination as part of its insolvency. As a result, 300 workers, mostly women, who make up the Hiperxel staff team will be left without work due to the closure of the shops. At the end of April 2023, the company had already filed for voluntary insolvency proceedings in the Mercantile Court of Vigo, due to the critical economic situation that the company had been in over the last few months, with supply problems and four months of salary debts owed to the staff. The staff had previously called a strike, due to the payment problems they were suffering. XELDIST is a company in Galicia (Spain) that operates the Hiperxel (brand name) frozen food retail chain, which has several shops in that region.
Eurofound (2023), Xeldist, Bankruptcy in Spain, factsheet number 109167, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/109167.
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...
