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.
In the recent years, the glass-factory Steklarna Rogaška went through very difficult and turbulent times. At the end of 2005, it managed to avert a threat of closure when creditors approved the restructuring plan and changed the debts into shares. At that time the plan envisaged cutting 200 (mainly administrative) jobs out of 1068. Trade unions announced they complied with owner's decision. By the end of 2006, the number of employees has been reduced to 970. On December 2006, joint stock company Julius from Maribor bought Steklarna Rogaška. The new owner announced faster development of Steklarna Rogaška and its more intensive engagement in the global markets. The new owner plans to lay off another 50 employees, but on the other hand, new people will be engaged in the production and some other departments.
Eurofound (2005), Steklarna Rogaška, Internal restructuring in Slovenia, factsheet number 61365, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61365.
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...
