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.
Norauto, a retailer specialising in motor vehicle parts, has announced plans to recruit 1,000 workers in 2024, encompassing permanent and temporary roles. The hiring campaign includes 450 student jobs (alternants) in areas such as mechanics, commerce, management, and head office operations.
To further bolster its recruitment efforts, Norauto has partnered with EPIDE, offering 30 young volunteers aged 17 to 25 an opportunity to discover careers in the automotive sector. The initiative aims to recruit participants after their training period.
In 2023, Norauto employed a total workforce of around 6,000 people.
One previous large restructuring has been recorded on the database in 2022, creating 500 jobs Norauto 2024 - FR.
Eurofound (2024), Norauto, Business expansion in France, factsheet number 202062, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202062.
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...
