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.
ABB is a Swiss multinational manufacturing company specializing in automation and power-related technologies. The company has 135,000 employees worldwide. In 2013 ABB bought Power-One Inc. in a $1 billion deal that included the Phoenix plant near Sky Harbor. Power-One had 450 employees in Arizona in 2013. ABB plans to close down its production plant in Phoenix in the US state of Arizona and to transfer production to Italy and Estonia.ABB claims the move will optimise the group's costs and supply chain. The relocation will leave 89 out of job at the ABB plant that manufactured solar inverters in Phoenix. The decision reflects conditions in the wider macroeconomic scenario. The consolidations will enable factory and supply chain optimization while improving cost, delivery and quality to customers.
Eurofound (2016), ABB, Reshoring in Estonia, factsheet number 158, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/158.
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,...
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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...
