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.
The US automotive supplier BorgWarner, active in vehicle component manufacturing, is cutting around 400 jobs at its site in Kirchheimbolanden (Rhineland-Palatinate) by the end of 2028. The site, including its production and development center, is affected. Initially, a much more drastic reduction to just 500–350 employees was planned as part of the “Kibo 4.0” site strategy launched in 2021.
The restructuring is driven by the shift to electromobility, declining sales due to the phase-out of combustion engines, and rising energy and material costs. Job cuts will be implemented gradually and in a socially responsible manner – without compulsory redundancies – mainly through voluntary programs, partial retirement, and natural attrition.
A legally binding works agreement was reached after more than two years of negotiations with the works council and the IG Metall union. This agreement preserved a significant number of jobs and ensured the continuation of training programs.
BorgWarner Inc., founded in 1928 and headquartered in Auburn Hills (USA), employs around 52,700 people worldwide. In February 2023, it was announced that 266 jobs would be cut at the Ludwigsburg plant (Baden-Wuerttemberg)BorgWarner 2023 - DE.
Eurofound (2024), BorgWarner, Internal restructuring in Germany, factsheet number 202597, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202597.
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...
