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.
Areas, a travel food services provider, has announced plans to create more than 1,200 jobs in Europe.
The company is to hire professionals across Spain and Portugal. The recruitment is aimed at reinforcing the company’s presence in key locations such as airports, train stations, and motorway service areas.The majority of the new roles will focus on kitchen, service, and administrative staff to ensure high-quality customer experiences. Regions with the highest number of new positions include the Balearic Islands (230 jobs), Catalonia (215), and the Valencian Community (100), followed by Galicia (50) and Portugal (70).
With 2,000 establishments in Europe and the Americas, Areas employs more than 20,000 people globally.
Eurofound (2025), Areas, Business expansion in European Union, factsheet number 202991, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202991.
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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