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.
Indexia, formerly known as Sfam, is shutting down its Roanne site, leaving 160 employees without jobs. Indexia has been in a scandal, facing allegations of unwarranted withdrawals and deceitful commercial practices. The workforce at the Roanne site was reduced drastically, from 425 employees in January 2023 to 162 by May 2024. Employees have largely attributed these cuts to managerial errors.
The company will be liquidated on May 22, with operations officially ceasing on June 4. While this closure enables workers to access months of unpaid wages, unemployment benefits, and training rights; many still are facing impacts due to reputational damage and on their mental health.
Several large restructurings have been recorded on the ERM database, with the latest hiring 150 employees in Spain Indexia 2021 - ES.
Eurofound (2024), Indexia (ex SFAM), Bankruptcy in France, factsheet number 202098, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202098.
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...
