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.
Following drastic changes in the medical markets, there has been a considerable slump in Hartmann Group sales and earnings. In addition to cost-cutting measures with regard to costs of materials, some 600 jobs worldwide are to be axed by the end of 2006, counting for 6.3 % of overall staff levels (9,500 employees worldwide). The company has already revised its strategy and re-structured its organization, resulting in leaner Group and management structures, and therefore enhanced efficiency. In addition to concentrating on their core medical business, channelling resources to address European growth markets as well as adhering to a stringent client focus, the company wants to reduce operating costs.
The staff cuts, as discussed by the Supervisory Board on 2 December 2 2004, affect the entire Hartmann Group, including its subsidiaries both inside and outside Germany. Some 500 jobs will be affected in the German divisions, around 120 of these at the head office in Heidenheim/Herbrechtingen. There, the company will be pruning staff at all levels, in particular in the Group Head Office overhead functions. On 3 December 2004, the management started negotiations with employee representatives. The company will do its utmost to come to amicable agreements but cannot rule out operationally-necessitated redundancies.
Eurofound (2004), Hartmann Group, Internal restructuring in World, factsheet number 60890, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60890.
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...
