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.
Meta, the American parent company of Facebook, Instagram and WhatsApp has announced a plan to cut 94 out of 358 jobs from its workforce in France.
As of January 2024, its unknown which units are affected by the restructuring. However, it is known that the artificial intelligence research teams in Paris will not be affected.
The announced restructuring plan allows for voluntary departures, changes of assignment and career developments. With some employees having voluntarily left the company during the negotiations, the number of dismissals will not be greater than 88 according to an agreement with the Social and Economic Committee.
The restructuring has been brought on by a need to adapt to market developments and simplify organisational structure.
Eurofound (2024), Meta, Internal restructuring in France, factsheet number 201725, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201725.
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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