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.
Colgate-Palmolive announced on 7 December 2004 plans to cut 12% of its workforce and close a third of its 78 factories worldwide as it struggles with rising raw material and energy costs and intense competition. The company, which sells its products in 223 countries, said it intends to source products from fewer, ‘more sophisticated state-of-the art' factories. The firm intends to put renewed focus and investment on developing markets including eastern Europe, Russia, China, Latin America and other parts of Asia. That will include beefing up sales and marketing functions in those countries and regions. Most of the job losses will be in manufacturing plants. The programme put ‘a de-emphasis on the production end of the business and an added emphasis on on-the-ground distribution, sales and promotion efforts'.
Eurofound (2004), Colgate-Palmolive, Internal restructuring in World, factsheet number 60856, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60856.
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...
