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.
Termoelectrica is one of the 18 large national companies in the mining and energy sector affected by a government decree ordering collective dismissals in 2006. The redundant workers will receive compensatory payments in accordance with the stipulations of the collective agreement, unemployment benefits and two net monthly wages (at the level registered in January 2006). The decree had been discussed in the Economic and Social Council (the tripartite body at national level) and the Commission for Social Dialogue, as is mandatory. The job cuts now announced for the 18 companies amount to 10413 in total.(16 cases are recorded in the ERM. The two other cases involve redundacies of 50 people each and are therefore not included in the ERM). The restructuring process is part of the 'National strategy for the mining sector 2004-2010' and of the government's strategy to accelerate privatisation and to attract new investment in the sector.
According with the annual report of the company at the end of 2005 the number of employees of Termoelectrica was 11,933.
Eurofound (2006), Termoelectrica, Internal restructuring in Romania, factsheet number 63211, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63211.
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...
