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.
In March 2006, Deilmann-Haniel, the mining division of the fifth biggest construction company HDH announced that it faced severe financial problems and therefore planned to cut approximately 1,500 jobs.
The management and representatives of the Mining, Chemicals and Energy Industrial Union (IG Bergbau, Chemie, Energie, IG BCE) negotiated a social plan regulating the announced job reductions. As a result of the negotiations it was agreed that approximately 240 employees would prolong their employment, though working reduced hours. After one year, they were supposed to retire early at the age of 50 and should receive financial assistance (Anpassungsgeld). Approximately another 270 employees received a job offer for an employment contract with a transfer company (Transfergesellschaft) for one year. In case they did not accept the job offer, they would be given compensation payment linked to their dismissal.
In June 2006, the establishment announced that it would cut 300 jobs. On 16 August 2006, Deilmann-Haniel stated in a press release that a further 500 jobs would be cut.
Finally, on 17 April 2007, the company filed for insolvency due to its severe financial problems. The company stated that instead of the previously announced figures, all remaining 1,100 employees are affected by the insolvency. However, further details on the winding up have not been released by now.
Eurofound (2006), Deilmann-Haniel, Bankruptcy in Germany, factsheet number 63115, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63115.
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...
