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 7 October 2024, the Japanese construction machinery manufacturer Komatsu is cutting 235 of the 1,000 jobs at its plant in Hannover.
Employees are expected to leave the company by the end of 2025. Starting in April 2024, Komatsu has been letting 78 temporary contracts expire. 50 employees are leaving as part of a voluntary program, while the remaining 107 employees will receive layoffs due to operational reasons. The reason cited is weak demand for construction machinery. A future agreement is in place for the remaining 765 employees, which excludes layoffs for operational reasons until early 2030.
Eurofound (2024), Komatsu, Internal restructuring in Germany, factsheet number 201706, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201706.
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...
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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...
