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.
Faurecia France, the auto parts subsidiary of the French car maker PSA Peugeot Citroen SA, announced on 29 June 2007 that it is planning to cut between 200 and 300 jobs at its site in Flers (Orne) between October 2007 and January 2010. According to the company there will be no dismissals and the cuts will be done on a voluntary basis. Faurecia blames the cuts on financial difficulties brought about by a decline in the global automotive market. PSA, who has confirmed that it has no plans to sell its 70% stake in Faurecia, is undergoing its own restructuring process designed to reduce costs and increase its market share in Europe, the Americas and China.
Eurofound (2007), Faurecia, Internal restructuring in France, factsheet number 65559, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65559.
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...
