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 North American group Smithfield Foods has announced it will invest more than USD 75 million in 2006 to retool Comtim, its pork processing complex in Timişoara (Vest region, Timiş county). Smithfield first entered the Romanian market by buying Comtim in 2004. The group plans to invest more than USD 850 million in Romania in the coming years. So far Smithfield invested more than USD 250 million. ‘We will reinvest 100% of the profits derived by our Romanian operations over the next ten years here', said the executive vice-president of the company on 20 January 2006.
‘By 2011, we will have 1,800 employees. The plant will process 16,000 pigs a day, i.e. four million pigs annually' said Mircea-Ioan Cotosman, the corporate affairs director of Smithfield Romania. Smithfield wants to turn Romania from a pork importer into a major pork exporter.
Eurofound (2006), Comtim, Business expansion in Romania, factsheet number 63001, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63001.
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...
