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.
DNA, a telecommunications firm, has announced that it is to cut 120 jobs. The job cuts are a result of the imminent merger of DNA, the mobile telecommunications and cable television branches of the firm Finnet, and six smaller local telephone network firms that has been agreed upon. DNA intends to make the 120 redundancies in order to reduce the scope for overlapping operational functions when the merger goes ahead. The firm will begin negotiations over the job cuts on August 21st 2007, and the cuts will affect staff who work in DNA’s telephone network business. According to DNA managing director Arto Kaikkonen, it is as yet unknown what areas of Finland the job cuts will affect. DNA employs 1,350 in Finland. Approximately 1,150 of these employees work in the firm’s telephone network business, and the remaining 200 work in the firm’s mobile telephone business.
18th October 2007
As of October 18th 2007, DNA has announced that after personnel negotiations it is to cut 115 jobs. 35 of these job losses will be implemented through early retirement. The job losses are to be implemented incrementally and are due to be completed by December 2008.
Eurofound (2007), DNA, Merger/Acquisition in Finland, factsheet number 65699, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65699.
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...
