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.
Solectron Timisoara (Vest region) will cut close to 900 jobs. Approximately 190 employees will be redeployed to other companies in the region, while 691 employees face redundancy. Of the latter category, the majority (586) will find themselves unemployed by mid-April 2005, and the rest between May and September 2005.
Out of the total laid off employees 647 are production operators, four warehouse operators, 20 technicians and 10 engineers.
To adapt to the changes in client demands, the company will reduce its activity while changing the structure of production in order to provide high quality, complex engineering services.
The management of the company has announced that the lay-offs will be operated according to the legislation in force and will cooperate with the local employment agency and company workers involved to seek other jobs for them. Furthermore, should the volume of production increase they will be the first to be re-employed. The largest private employer in Timisoara, Solectron is subsidiary of the USA company with the same name, a leading global provider of electronics manufacturing and integrated supply chain services to the high-tech electronics companies.
Eurofound (2005), Solectron, Internal restructuring in Romania, factsheet number 61438, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61438.
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...
