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.
On 8 September 2005, the General Council of Bucarest, the capital city of Romania, approved the reorganisation programme of the public transport company, Regia Autonomă de Transport Bucureşti, RATB (Bucureşti region). Among other things the programme includes the cut of 2,300 jobs, out of 14,300. The decision came as a result of RATB's total debts of 2004, which amounted to 119 million lei (€34 million ) and debts to providers totalling 19.6 million lei (€5.6 million ).
‘RATB employees affected by collective redundancy will receive redundancy pay. We will also work together with the National Employment Agency (Agenţia Naţională pentru Ocuparea Forţei de Muncă, ANOFM), to find them new jobs', the mayor, Adrian Videanu, declared.
Redundant employees will receive a redundancy pay amounting to twice the average national wage, unemployment benefit and an additional monthly income.
The current programme is not the first of its kind to be carried out in RATB. In the interval 1998-2004, RATB employees went through successive redundancies which meant a cut of 4,140 jobs.
Eurofound (2005), Regia Autonomă de Transport Bucureşti, Internal restructuring in Romania, factsheet number 62213, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62213.
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...
