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.
HORNBACH, an Austrian-based home improvement and DIY retail company, announced the creation of approximately 100 new jobs at its newly opened store in Eisenstadt, Burgenland, covering a sales area of 16,175 m².
The expansion forms part of HORNBACH’s ongoing growth strategy in Austria, aiming to provide a comprehensive range of products for DIY enthusiasts, professionals, and gardeners, with the store featuring over 200,000 items and a drive-in service. The new positions are expected to be permanent, full-time roles, mainly in retail, logistics, and customer service within the Eisenstadt location.
Social partners and local authorities welcomed the development, highlighting the positive impact on the regional economy and labour market. Political representatives, including the mayor of Eisenstadt and Burgenland officials, emphasized the store’s significance for local employment and economic growth.
HORNBACH Baumarkt AG operates a network of retail stores across Austria and Europe, providing a broad assortment of home improvement products. The company continues to pursue strategic expansion in Austria, with Eisenstadt marking its first store in Burgenland.
Eurofound (2025), Hornbach, Business expansion in Austria, factsheet number 203286, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203286.
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...
