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.
Leoni Wiring Systems, the Romanian subsidiary of the German Group Leoni, announced plans to create 1,200 new jobs in Romania by the end of the year. The new jobs will be created at the new plant in Beius (Arad County) which is the company’s tenth plant in Romania. The company has invested €17.5 million for the building of the Beius plant. The investment involved the renovation of dated infrastructure and the addition of modern production lines aligned to international standards.
A state-of-the-art integrated computerised system used for monitoring the production process was installed at the plant. By investing in this plant, Leoni is developing its production capacity to be able to meet current demand and future projects it could bring to Romania.
The Leoni Group has entered on the Romanian market in 1999 and currently has 12,000 employees in Arad and Beius (Arad County), Bacov (Arges County) and Bistrita (Bistrita-Nasaud County).
The group employs around 95,000 people in 27 countries and generated consolidated sales of €5.1 billion in 2022.
Eurofound (2023), Leoni Wiring Systems, Business expansion in Romania, factsheet number 109264, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/109264.
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...
