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.
An investment of around €20 million for the building of a factory for electrical wiring and components is forecasted to start this year in Cluj (Nord-Vest region). The announcement was made by the management of the Cluj-based company Electrosigma, a manufacturer of electronic components and spare parts for medical equipment.
CEO Arpad Paskany announced that the company has concluded a partnership with a German-American multinational, without revealing the name of its partner in the project.
Construction of the factory is expected to be completed within no more than two and a half years and will create some 600 jobs.
‘Electrosigma is a 40% partner in this venture and will provide the management force. As for the location, we are looking at the Tetarom industrial park in Cluj, but the details of the contract are yet to be finalised because the fees Tetarom wants to charge are quite high. If we fail to reach an agreement with them, we will look elsewhere’, said Arpad Paskany.
Eurofound (2005), Electrosigma, Business expansion in Romania, factsheet number 61469, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61469.
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...
