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.
According to Volkswagen, the Spanish units of SEAT –the former Spanish car manufacturer now 100% owned by Volkswagen group- are planning to reduce 10% of their workforce. The reasons given are the two-year consecutive losses of the automotive giant. The company is not regarding direct dismissals but other measures such as voluntarily and collectively agreed early retirements (to employees older than 58) and bonuses and compensation to those quitting their jobs voluntarily. Losses in SEAT have been frequent since 2000 as a result of which there are plans to further reduce the workforce and upgrade the production. Volkswagen’s new CEO, Martin Winterkorn, expects the Spanish division of SEAT to become the sales leader in the Spanish car market.
On 4 April 2007 the trade unions and the company’s management agreed a voluntary reduction of 1,500 jobs in the previous terms (mentioned above). The company is seeking to strengthen its long term competitiveness in Spain, together with the manufacturing of two new models (Altea Freetrack and B1) at the factory in Martorell. Workers will have until May 2007 to apply for the voluntary measures. According to the company, between 700 and 800 workers will leave SEAT this year.
On 21 May 2007 it was known that all of the workers offered early retirement have accepted the deal as a result of which 800 employees will leave SEAT by the end of 2007. The remaining job cuts will take place by the end of 2009.
Eurofound (2007), Seat, Internal restructuring in Spain, factsheet number 65086, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65086.
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...
