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.
General Electric will build a customer service plant for its clients across Europe in the capital of Romania (Bucuresti region). The platform will provide logistics, engineering and information technology services and will result in 2,000 jobs by 2007. According to a statement made by the Ministry of Economy and Commerce (Ministerul Economiei şi Comerţului, MEC), the North American Group has also announced its intention to relocate a part of its production from Hungary to Romania. General Electric is already present in many sectors of the Romanian market, developing contracts of up to $60 million per year. It entered the market as a provider for the Cernavodă nuclear plant (Sud-Est region). In 2003, General Electric set up a joint venture in Bucharest, called Turbomecanica Combustion Products, which manufactures aerospace combustion-engines. Currently, the group has expressed an interest in several other economic activities in Romania. Worldwide, General Electric is one of the largest companies in terms of capitalised stock and has the most diverse portfolio of activities ranging from industry, through financial services to media and technology. General Electric operates in over 100 countries and has 300,000 employees.
Eurofound (2005), GE, Business expansion in Romania, factsheet number 61752, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61752.
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...
