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.
Airbus Defence and Space, the European multinational aerospace corporation, has announced its plans to cutting 303 jobs in Spain as part of a plan to adapt its organisation to a "complex" environment. Specifically, 200 jobs will be affected at the Getafe (Madrid) plant, 83 in Seville, and 20 at Crisa, a subsidiary that produces electronic systems and it is located in Tres Cantos (Madrid). The cuts will be implemented gradually between 2025 and 2026.
Airbus is experiencing a financial hit due to higher-than-expected expenses in this division, particularly in the aerospace business. As a result, the company is planning to implement a "more effective and efficient" organisational structure for the division, especially at headquarters. Airbus has assured that all staff reducing measures will be carried out in agreement with partners and based on available legal measures. Meanwhile, representative trade unions have announced that they will not accept measures that are "traumatic or coercive."
The company previously announced in October 2024 its intention to reducing the workforce of its defence and space division by around 2,500 jobs across the different countries where it is present, particularly Spain, United Kingdom, France and Germany.
Previous restructuring events for the company were recorded in the ERM database in 2023 and 2022, with employment creation of 1,300 Airbus Spain-2023-ES and 750 Airbus Spain-2022-ES new jobs, respectively, as well as in 2020, with 900 job cuts Airbus Spain-2020-ES
Eurofound (2024), Airbus Spain, Internal restructuring in Spain, factsheet number 202074, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202074.
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...
