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 European financial services group, Société Générale, is cutting 1,800 jobs through the non-replacement of retiring staff and by encouraging internal mobility. This will affect several sectors at the headquarters, as well as the regional structure of retail banking. The agency network, however, will not be impacted. The CGT trade union has criticised the group's policy, describing it as making irreversible decisions without engaging in social dialogue.
In France, Société Générale has a total workforce of 40,000 individuals in France.
Several large-scale restructurings have been recorded in the ERM database, including the cut of 900 employees at the headquarters in 2024 Société Générale 2024 - FR.
Eurofound (2026), Société Générale, Internal restructuring in France, factsheet number 204510, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204510.
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...
