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.
BT, formerly British Telecom, announced the creation of 350 new jobs by the end of 2008 through the expansion of its sites in Debrecen (Eastern Hungary) and Budapest which will provide business and support services primarily for BT activities. The two BT sites currently employ 240 of which 40 in Debrecen and 200 in Budapest. The site in Debrecen started its operations in the summer 2007 with 40 people but the unit was officially opened in February 2008. 200 jobs are expected to be created at the Debrecen site by the end of 2008 and another 150 in Budapest.
Eurofound (2007), British Telecom, Business expansion in Hungary, factsheet number 66064, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66064.
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...
