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 Norwegian company Benzoak Vet, owned by ACD Pharma, has shifted the production of its sedative and anesthetic from Belgium to Norway in 2020. The previous manufacturer was VWR in Belgium, and the new producer is Pharma Production in Oslo. This strategic move is in line with the increased focus on domestic pharmaceutical production in Norway, following the COVID-19 pandemic. The decision was motivated by the company desire for proximity and simplified production management. The transition also involves modernizing the product's composition to comply with updated regulations, with no impact on its clinical properties.
Eurofound (2020), Benzoak Vet, Reshoring in Norway, factsheet number 292, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/292.
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...
