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.
Spanish law firm Arriaga Asociados has already implemented an employment redundancy file (ERE) affecting 158 people being dismissed after the closure of its offices in Almeria, Coruna, Alicante, Seville, Bilbao, Lleida, Girona and Tarragona, representing approximately 40% of the total workforce. Notwithstanding this, the company maintains operational headquarters in Valencia, Barcelona and Madrid, and continues to provide telephone services across Spain. The company has also launched a branch dedicated to the provision of legal services based on Artificial Intelligence (AI).
According to company sources, this situation is due to the high debt level of the company (approximately 32 million Euro), which has obliged to present a restructuring plan to defer payments to defer payments to creditors. This high level of debt is due to two main reasons. Firstly, a reduction in the workload of the staff (explained by the business model of the company, which specialises in filing claims against revolving credit cards, or mortgage expenses), and secondly, delays in judicial rulings that affect the collection of their fees
Eurofound (2024), Arriaga Asociados, Internal restructuring in Spain, factsheet number 201901, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201901.
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...
