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.
Pharmaceutical firm, Pfizer, has announced that it would make 65 workers in Ringaskiddy redundant by the end of the year. The group also wants to sell off part of its plant at Loughbeg, also in Cork, which employs 300 people, and part of its Little Island plant, also in Cork, where 180 people are employed. Hopes of saving the 480 jobs at these two other plants in the Cork area depend on being able to sell them as going concerns in the next year or two. Government sources have been quoted as saying that the two Pfizer plants, at Loughbeg and Little Island, would be suited to generics manufacturers. Pfizer has closed 50% of its manufacturing plants worldwide since 2003, in a Plant Network Review aimed at rationalising its operations and avoiding duplication, following a series of mergers and takeovers.
Eurofound (2007), Pfizer, Internal restructuring in Ireland, factsheet number 65057, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65057.
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...
