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.
Fibercop, a company specialising in fibre networks, has reached an agreement with major industry unions regarding a voluntary departure scheme for its workforce. The initiative aims to reduce staff numbers by up to 1,800, with a target of 1,300 employees.
This arrangement, developed in collaboration with social partners, offers voluntary exit options for employees meeting pension requirements, including early retirement provisions, up to 28 February 2030. Interested staff members have until 13 October to submit their applications, followed by individual consultations and responses from the relevant pension authority in December. The final departures are scheduled for late February 2025.
This workforce reduction aligns with the company's strategic growth plan, set to start in late 2024 or early 2025. The scheme aims to address two key objectives: lowering the average age of the workforce, which is currently one of the highest in the sector, and streamlining direct maintenance operations, which will require fewer in-house personnel.
Eurofound (2024), Fibercop, Internal restructuring in Italy, factsheet number 201689, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201689.
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...
