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.
The German chemical company Wacker Biotech, a subsidiary of Wacker Chemie, has officially opened a new mRNA competence centre at its site in Halle (Saale), Saxony-Anhalt, creating 100 new jobs.
The background to this is the construction of a new mRNA competence centre, in which the company has invested over €100 million. The new facility can produce active ingredients based on messenger ribonucleic acid (mRNA) on a large scale. Over 100 highly qualified jobs are created at the centre as a result.
Wacker Chemie has around 16,400 employees at 27 production sites and 48 sales offices worldwide and annual sales of around €6.40 billion in 2023. In 2023, Wacker has also created 100 new jobs in Bavaria Wacker Chemie - 2023 - DE.
Eurofound (2024), Wacker Biotech, Business expansion in Germany, factsheet number 201271, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201271.
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...
