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.
Valio, a Finnish dairy company, announced a plan to close down its Oulu plant, a key production site for fresh milk products, plant-based intermediates and ice cream. The closure is estimated to affect roughly 140 jobs, with the plant expected to be fully closed by summer 2028. The premises would still house the distribution warehouse and other company operations, such as sales and support functions. The company is planning to relocate production to Riihimäki, Jyväskylä and Joensuu, aiming to improve efficiency, profitability and competitiveness.
The move follows a decline in core dairy consumption and increased costs since the pandemic, prompting cost-saving measures across the group. 264 of the 300 employees working in production are under the cooperation negotiations, which will begin on May 25. Workers will be offered positions at other Valio sites where available.
Valio underwent cooperation negotiations in Helsinki in 2024 Valio 2024 - FI
Eurofound (2026), Valio, Closure in Finland, factsheet number 300408, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300408.
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...
