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.
LG.Philips Displays, a 50/50 joint venture between Royal Philips Electronics NV (PHG) and LG Electronics Inc of South Korea announced early December it plans to cut 296 jobs in The Netherlands. LG.Philips Displays employees in Eindhoven and Stadskanaal have been told that CRT picture tube production in Europe is confronted with a significant and structural market decline. Solutions for new labor perspectives will be found in a transfer of existing technological knowledge and experience to other outside organizations (87 jobs so far). LG.Philips Displays management promised to provide support in finding new job opportunities. For others, if necessary, a responsible social package will be provided. Late 2006 the restructuring will be finished in co-operation with the workers council and the unions.
On 27 January , LG.Philips Displays announced its European holding company and two units have filed for insolvency protection due to worsening conditions in the cathode ray tube (CRT) market and unsustainable debt. The move involves holding company LG Philips Displays Holding BV as well as its Dutch unit LG.Philips Displays Netherlands BV and its German subsidiary in Aachen. As a result of the insolvency filings, some 350 jobs at the company's operations in Eindhoven will be cut.
Eurofound (2005), LG.Philips Displays, Internal restructuring in Netherlands, factsheet number 62717, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62717.
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...
