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.
On Thursday 2 December 2004, management of the automotive replacement glass company AGC Automotive, announced a third of its 840 workers would lose their jobs by the end of 2006. 284 jobs of the Fleurus site (ex-Splintex and now part of the Japanese firm Asahi Glass) are to be cut as a result of a reorganisation of the production. Two factories will specialise in making laminated glass and toughened glass for cars while machinery producing side windows will be shut down. The workers' reactions after the announcement were violent. Managers were taken hostages for two days and strikes were announced. On 18 February 2005, after 80 days of strike, no agreement has been reached between workers and management. According to the newspaper La Libre Belgique, if no agreement is to be achieved, the European Management of AGC could decide to close the plant by 2007 and cancel the €9 million investment initially planned. On 15 March 2005, an agreement was finally signed and 249 jobs are to be cut (of which 75 direct dismissals) rather than the original 284.
Eurofound (2004), AGC automotive, Internal restructuring in Belgium, factsheet number 60826, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60826.
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...
