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.
German Südzucker AG, the leading sugar processor, claims to be affected by the European sugar policy and announced plant closures. In the past two years already two plants in Poland were closed.
On 22 May the supervisory board decided to shut down two plants in Germany by February 2008. 274 jobs will be shed at Groß-Gerau and Regensburg. According to the employees’ representative at the supervisory board, about 50 per cent of the employees shall find a new job at other Südzucker plants in the south of Germany.
On 23 May CEO Theo Spettmann informed the German press that Südzucker’s French subsidiary Saint Louis Sucre decided earlier this year to close the refinery operations of its subsidiary Saint Louis Sucre at Marseille by 1 October 2007. No figures on number of employees and jobs affected were given. Saint Louis Sucre, for which exports have to date made up a high proportion of overall sales quantities, was negatively affected by changes of the European sugar policy, the company said. In France, the closure of still another plant is very likely, Spettmann said.
Südzucker posted an annual loss of 246 million EUR in 2006. The loss related to the sugar manufacturing division. Other divisions of the group were not affected.
Südzucker employs an international workforce of 10,885 in the sugar manufacturing division and a total workforce of 19,000. The sugar division comprises the companies Südzucker AG; Südzucker International, rafinery Tirlemontoise, Saint Louis Sucre, AGRANA and AGRANA International in Germany, Belgium, France, Austria, Slovakia, Czech, Hungary, Moldavia and Rumania.
Eurofound (2007), Südzucker, Saint Louis Sucre, Internal restructuring in European Union, factsheet number 65396, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65396.
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...
