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.
Novo Energy, a joint venture owned by auto manufacturer Volvo Cars and battery manufacturer Northvolt, announced that they would dismiss 120 employees from the Gothenburg facilities. Novo Energy has two branches, a research and development branch for auto batteries, and a manufacturing branch. In total, they employ about 400 workers in the Gothenburg area.
The company is still in the starting phases, and after Northvolt has been in crisis, Volvo Cars announced that they were to take a majority share of the company in October of 2024, but seeking additional investors. The reduction of the workforce is in response to a bad market, and the establishing of a new business plan.
Eurofound (2025), Novo Energy, Internal restructuring in Sweden, factsheet number 202270, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202270.
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...
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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...
