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.
Leonardo Hotels, an Israeli hotel group, will be opening the NYX Hotel Thessaloniki in September, creating over 190 jobs for workers in Thessaloniki. The new hotel represents an investment of 25 million euros and aims to strengthen tourism in the city.
The new hotel, following the success of the NYX Esperia Palace Athens which launched in 2023, will feature 130 rooms, a bar-restaurant, lounge areas, a gym and spaces for events.
Leonardo Hotels & Resorts Mediterranean, which has been developing the Fattal Group in Cyprus and Greece since 2017, currently operates 11 hotels (4 in Greece and 7 in Cyprus) and aims to reach 15 by 2026. To date, the company has invested a total of 120 million euros in Greece
Eurofound (2025), NYX Hotel Thessaloniki, Business expansion in Greece, factsheet number 203121, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203121.
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...
