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.
Milan based company Redaelli Tecna decided to invest in Slovakia. Romania and Hungary had also been considered. The investment is a response to the continuously increasing production of radial tyres. Redaelli Sodetal Slovakia will produce steel cords for these products. Most customers of Redaelli Tecna (Pirelli, Michelin, Goodyear, Continental, Hankook etc.) have relocated their production units from Western Europe to Central and Eastern Europe. Director General of Redaelli Tecna Group, Maurizio Prete, argues that the company needs to move as close as possible to their main customers. It is assumed that the main customers of the new production plant located near Košice will be Continental, Goodyear and Dunlop. Technology for the new plant will be relocated from Redaelli Sodetal's site in Tronville, France. 120 employees are supposed to reach an annual production capacity of around 6,000 tons of steel cord by the end of 2006. Company management plans to double these figures in the next two years.
Eurofound (2006), Redaelli Sodetal Slovakia, Business expansion in Slovakia, factsheet number 63323, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63323.
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...
