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 electric car start-up Next.e.GO Mobile has announced plans to lay off 200 employees at its headquarters in Aachen due to its insolvency.
The start-up was unable to attract new investors following its insolvency in March 2024. The company's assets are to be liquidated in order to pay off creditors. The remaining 200 employees will be made redundant.
The electric car manufacturer was founded in 2015 by Günther Schuh and his team at RWTH Aachen University along with great media attention. With the first e.Go Life model, the aim was to offer an affordable alternative to expensive electric cars such as Tesla. The vehicle was produced in series from 2019 to 2022.
Eurofound (2024), Next.e.GO Mobile, Closure in Germany, factsheet number 201317, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201317.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
