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.
As announced on 30 September 2024, the development service provider Bertrandt plans to cut between 800 and 1,200 jobs in Germany. The Tappenbeck site near Wolfsburg is particularly affected, with 600 job cuts in the Digital and Physical Engineering segments.
The company cited several reasons for this decision, including shifts in the automotive market due to new competitors, evolving needs of automotive manufacturers, and emerging trade disputes. Work at the locations has decreased more quickly than anticipated. Additionally, some automotive companies have relocated projects abroad.
Globally, the company employs 14,500 people, with around 10,800 of them in Germany.
Eurofound (2024), Bertrandt, Internal restructuring in Germany, factsheet number 201692, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201692.
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...
