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.
Air Marines, a subsidiary of the Spanish renewable energy company Iberdrola, employed 1,700 workers, 500 of whom were in Brittany, for the construction of the Saint-Brieuc wind farm, inaugurated in September 2024.
Over three years, the project created numerous jobs, particularly benefiting the Brittany region. More than a hundred companies and their employees contributed to the construction. However, the project faced criticism from local fishermen, who were restricted from fishing in the area during the construction period. The wind farm has been operational since July 2023.
The development of the wind farm also attracted companies such as Siemens Gamesa Renewable Energy to set up production facilities in the region, further boosting the local economy and workforce.
In three previous reports, Iberdrola’s significant restructuring efforts were documented, with the latest in 2020 noting a loss of 1,450 jobs in Spain Iberdrola 2020 - ES.
Eurofound (2024), Ailes Marines, Business expansion in France, factsheet number 201909, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201909.
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...
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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...
