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.
Armani is shutting down the Giorgio Armani Swiss Branch, after 20 years. The company intends to relocate most of its employees to its Milan site; however this is a conditional offer and employees are required to accept a reduced salary (from €4,000 to €1,500). The Swiss site in Mendrisio is going to keep 10 employees, while 40 are going to be laid off, according to the latest news. However, Armani's medium term plan is to fully close the Mendrisio site. Armani opened an administrative center in Mendriso (Switzerland) twenty years ago. Despite higher salaries than in the home country, Mendrisio has attracted fashion companies due to fiscal advantages. Recent changes in the local taxation has greatly reduced the attractiveness of the region, and Armani is not the first company closing or reducing its subsidiaries.
Eurofound (2016), Giorgio Armani, Reshoring in Italy, factsheet number 246, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/246.
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,...
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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...
