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 June 2005, Fornetti will start production in a new factory in Timisoara (Vest region) as the result of a €3.5 million investment initiated in October 2004. Fornetti was set up in Romania in 2001, as a Romanian-Hungarian company under the licence of the parent company in Hungary bearing the same name, and initially ran only distribution operations. Since 2002, it also started manufacturing and opened its first production unit in Timişoara, which currently numbers 600 employees. The new factory, the third one opened in Romania, will increase Fornetti's workforce by 200.
Fornetti operates as a franchise, making pastry products and selling them through a network of 325 shops. In the course of 2005, the network will grow by another 100 shops.
The new factory will ensure the continuing growth of company sales, which in the first four months of 2005 amounted to 3,500 tons, compared to just 1,900 tons in the same period of last year. In 2004, Fornetti's turnover was over €10 million, and is estimated at €17 million for 2005. Fornetti has the most extensive franchise network in Romania.
Eurofound (2005), Fornetti, Business expansion in Romania, factsheet number 61612, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61612.
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...
