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.
French aeronautical equipment manufacturer Safran Aircraft has announced that it will create nearly 4,000 new jobs worldwide.
The new positions are expected to be created in France, Belgium, Mexico, India and Morocco. The business expansion programme will be supported by training programmes and academic partnerships. The company has announced a €1 billion investment to expand its global maintenance, repair, and overhaul (MRO) network. The plan includes increasing MRO capacity to 1,200 shop visits annually by 2028 and adding 120,000 square meters of industrial facilities. New sites will be established in India, Morocco, while expansions are planned in Mexico and France.
Safran is the world's third largest aerospace contractor. Currently, the company employs about 92,000 people worldwide.
The previous restructuring events of Safran were recorded in the ERM events database: SAFRAN- 2022-WO,SAFRAN-2020-WO
Eurofound (2024), Safran, Business expansion in World, factsheet number 201974, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201974.
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...
