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.
Statoil is a Norwegian company operating in the oil and gas industry. This company was established in 1972 and it is the largest company in the country. In recent years, a number of IT-related security incidents have happened. For instance, a cyber attack disrupted oil loading at the company's Mongstad refinery in 2014. This incident led Statoil to create a risk assessing task-force. The internal reports identified potential security problems after risk assessment were carried out. As a result, Statoil decided to move its most "critical" tasks from Indian provider HCL back to Norway. 10-15 new job positions will be established in Norway thanks to the relocation.
Eurofound (2017), Statoil, Reshoring in Norway, factsheet number 120, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/120.
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...
