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 14 September 2005, Kone informed of the completed negotiations with the employees concerning the closure of the Hattingen unit in Germany by the end of this month. The closure means that 283 employees will be made redundant.
KONE initiated preparations for a development and restructuring program in October 2004. The program, is aimed at securing long-term competitiveness and improving the profitability of KONE Elevators & Escalators, particularly in the new equipment business.
On 17 March 2005 the company announced that in order to improve the productivity of its production lines and the cost-competitiveness of its products, KONE is planning to relocate certain supply functions and concentrate production volumes in cost-effective locations. In addition, KONE will continue concentrating certain competencies globally in order to achieve benefits of scale.
In total, the plans affect almost 450 jobs globally in KONE's elevator and escalator business.
Eurofound (2005), Kone Corporation, Relocation in World, factsheet number 61282, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61282.
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...
