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.
Dutch airline KLM (Koninklijke Luchtvaart Maatschappij) has announced it is actively seeking 265 pilots and 200-300 technicians in 2024 to address a skilled personnel shortage that hampers its post-pandemic recovery.
Despite Air France-KLM’s record revenue and profit in 2023, KLM faces challenges due to Russia's war in Ukraine's impact on flight routes, weather-related cancellations, and ongoing fleet renewals.
KLM's operating profit fell from €702 million to €650 million, while revenue increased to €12 billion. Capacity is expected to reach 88% of 2019 levels in 2024, but full recovery might take two years.
Eurofound (2024), KLM (Koninklijke Luchtvaart Maatschappij), Business expansion in Netherlands, factsheet number 201628, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201628.
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...
