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 management of tobacco monopoly Bulgartabac Holding intends to start negotiations with the trade unions on a program of staff lay-offs, executive director Hristo Lachev said on 11 October 2006. He announced that the estimated redundancies would not be made public before the end of the negotiations with the trade unions. According to the Independent trade union federation of tobacco workers the dismissals have already started and the total number of job cuts will be about 450-500. The Bulgartabac subsidiaries being prepared for privatisation have already implemented their redundancy programmes. At the moment, the company employs 2,700 workers. The payroll downsize will have the worst effect on the cigarette factory in Blagoevgrad, which is the biggest one and has the largest workforce amounting to 1,250 people, with annual output of 12,000 tonnes (the industry standard is 300 workers per 10,000 tonnes of annual production).
The forecast for the financial performance of the four Bulgartabac cigarette factories in the first nine months in 2006 indicates a decline in profits.
A total of 11 holding subsidiaries should be sold until the end of 2006.
A political decision will be required for the fate of the four cigarette factories and the three tobacco processing plants that will remain in the holding structure.
Eurofound (2006), Bulgartabac, Internal restructuring in Bulgaria, factsheet number 64238, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64238.
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...
