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 Swedish manufacturer of agricultural machinery Väderstad has initiated cooperation negotiations with a plan to cut 100 jobs at its facility in Väderstad, Sweden. The job cuts affect both white-collar and blue-collar employees, who are facing 70 and 30 cuts respectively. Employment effects start at the end of 2024.
Väderstad states that the past year has been financially difficult as demand of new agricultural machinery has been negatively affected by the dire economic situation of the agricultural sector. The now announced lay-offs are following an already large savings programme implemented in the past year. In the spring of 2024 Väderstad let go 45 employees as well as discontinued contracts with external consultants.
Väderstad had 1,206 employees in September, 2023.
Eurofound (2024), Väderstad, Internal restructuring in Sweden, factsheet number 201536, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201536.
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...
