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.
Safilo Group S.p.A. is an Italian company that designs, produces and distributes prescription frames, sunglasses, sports eyewear, ski goggles, skil helmets, and cycling helmets under its own five house brands and 22 licensed brands.Their products are primarily manufactured in three Italian facilities with an additional European plant in Slovenia. The company also has two non-european plants, one in USA and one in China, and distributes to markets in 130 countries worldwide. Recently, the company decided to buy new machinery in order to redevelop the production site in Martignacco, Italy. Prior to this, the company used public redundancy funds in order to protect workers at the site due to low levels of demand. The new machinery will mean that the site has the capacity to be involved in all steps of production, which gives new hopes to the local workers. Sources do not specify more about the long term location strategy, or reasons for the backshoring, except for untapped production capacity at home.
Eurofound (2015), Safilo, Reshoring in Italy, factsheet number 206, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/206.
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...
