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.
Talgo is a Spanish company specialised in the production of trains. On 1 April 2004 the company announced that it had registered losses amounting to 18.5 million euros in 2003 which are to be added to the 8.8 million euro losses of 2002. The company had to restructure due to the crisis the train production sector is suffering, making 106 people redundant. On 12 May 2004, regional authorities announced in a Parliamentary Regional Commission that 50 new workers had been hired by the company, the Regional Socialist representative said the measure could be considered as `replacement'. On 19 June 2004, Madrid's regional authorities, after a negative report of the regional Inspector of Labour, have denied authorisation to Talgo to make 106 labour redundant. The immediate consequence is that the 106 dismissed labour have to be relocated in the company. The company has won tender procedures for the next years amounting to over 3,000 million euros.
Eurofound (2004), Talgo, Internal restructuring in Spain, factsheet number 60347, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60347.
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...
