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.
DBV-Winterthur, an insurance company belonging to Winterthur Switzerland and thus Credit Suisse, has announced it will cut 550 jobs as part of an effort to cut costs by 60 million Euros. Chairman Frank W. Keuper told the Financial Times Deutschland that DBV is currently not operating as efficiently as its competitors. Hence, restructuring is said to be inevitable in order to keep DBV-Winterthur's position in the market. Work shall be distributed more efficiently. Winterthur announced that it will try to avoid direct dismissals, instead using fluctuation and retirement to bring down the level of employees. Talks with the employees' representatives are to start immediately.
Eurofound (2005), DBV-Winterthur, Internal restructuring in Germany, factsheet number 61423, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61423.
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...
