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.
Sandoz, a Swiss-based pharmaceutical company operating in the generics sector, announced approximately 100 job cuts affecting employees in its "Development Center" at its Kundl site in Tyrol, Austria.
The restructuring is linked to the planned closure of the development unit focused on generic medicines, while antibiotic production activities at the same site will remain unaffected. The company is justifying the measure with economic reasons.
The process is currently under consultation with employee representatives, and some reports suggest the number of redundancies could rise to between 170 and 190 due to additional departmental reductions and relocation of activities abroad (notably to Slovenia and India). Trade unions and regional political representatives have strongly criticised the decision, highlighting the contradiction between public subsidies received and the relocation of high-skilled jobs, and have called for urgent negotiations to safeguard employment and maintain the strategic importance of the Kundl site.
Sandoz, headquartered in Switzerland, employs around 2,700 people in Austria and has invested significantly in recent years in its Kundl facility, positioning it as a key European hub for antibiotic production.
The latest case by Sandoz in Austria registered in the ERM events database dates back to an extension in 2015, where the company hired 100 new employees Sandoz 2015 - AT.
Eurofound (2026), Sandoz, Internal restructuring in Austria, factsheet number 204455, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204455.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
