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.
Vulkan Partizánske, a Slovak footwear and rubber-products manufacturer, announced the dismissal of approximately 100 employees from its plants in Partizánske, Detva, and Hrušov following the opening of bankruptcy proceedings in April 2026.
The restructuring was triggered mainly by the collapse of its key French customer Bensimon, which accounted for roughly 40% of production, alongside rising energy and labour costs and competitive pressure from lower-cost Asian producers. The layoffs affected roughly 83% of the remaining workforce.
Vulkan reported 277 employees in 2023, around 185 in 2024, and slightly above 120 workers before the bankruptcy-related dismissals in 2026. The company, historically active in footwear production and rubber compounds manufacturing, continues to operate a smaller production unit with around 20 remaining workers producing rubber mixtures for the tyre industry supply chain linked to Goodyear and Dunlop through the Bratislava-based company Matrax.
Eurofound (2026), Vulkan, Bankruptcy in Slovakia, factsheet number 300356, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300356.
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...
