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.
US medical technology group Teleflex Medical has announced that it will create 150 jobs in a new site in Athlone. The jobs will be phased in over five years. The global medical technology company, which manufactures devices used in respiratory care and some surgical procedures, has had an Irish operation in Annacotty, Co Limerick, since 1983, employing 135 people.
The Pennsylvania-based group is bringing its European headquarters to an IDA Ireland facility in Athlone in a move that will create employment in multilingual customer service, finance, HR, IT planning and administration. Twenty-seven people have already been hired to work at the new facility.
Announcing the IDA-supported investment, Minister for Enterprise, Trade and Employment Micheál Martin said he expected to see more high-quality jobs coming to Ireland. This was how Ireland would compete with lower-waged economies, he said. Teleflex Medical President Ernest Waaser said: 'The availability of highly educated graduates with strong language skills, proximity to Athlone Institute of Technology and Ireland's existing base of premises were some of the reasons why we chose Athlone.' Teleflex was established in 1943 and employs 21,000 people worldwide. The company had revenues of 2.5 billion USD (1.8 billion EUR) in 2006.
Eurofound (2007), Teleflex Medical, Business expansion in Ireland, factsheet number 65614, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65614.
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...
