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.
The Romanian Agency for Foreign Investments (Agenţia Română pentru Investiţii Străine, ARIS) announced that the Belgian group UCO Textiles was investing around €15 million in a brownfield-type project, developed in a building belonging to Giurgiu industrial park (Sud region).
The investment will take the form of a factory producing denim-type fabrics for jeans. Production is set to begin in September 2005, followed by a gradual extension of production capacity.In the first stage 200 jobs will be created
The UCO Textiles Group specializes in completely-processed materials, from the initial phase (cotton) to the end-product (finished fabric). Worldwide, the group has two production units in Belgium and two in the United States with a production capacity of 26 million metres of fabric between them.
The factory in Giurgiu is the first to be opened by UCO Textiles in Eastern Europe.
Eurofound (2005), UCO Textiles, Business expansion in Romania, factsheet number 61751, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61751.
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...
