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.
Cargill, a US-based multinational specialised in food production has announced restructuring plans for Belgium. In total 164 of 1200 employees are at risk of losing their job.
The main group of employees facing dismissal are technical staff at the facility in Mechelen-Vilvoorde, with 89 job cuts. The company management states that in total approximately 5% of its global workforce has to be reduced, which represents 8,000 jobs. While Cargill justifies its decision with the decline in raw material prices, local trade unions are dissatisfied with the decision as they state that the company is healthy and not facing financial issues.
The most recent restructuring events recorded in the ERM, included the cut of 183 jobs and the creation of 19 in France: Cargill 2019 - FR
Eurofound (2024), Cargill, Internal restructuring in Belgium, factsheet number 202100, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202100.
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...
