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.
Siemens has announced that it is to cut 6.800 jobs worldwide by selling its telecom unit Siemens Enterprise Networks (SEN), which lost 10 % of its sales in 2007. On 26 Febuary the company confirmed its plans of massive job cuts to make SEN more attractive to buyers. The company said that it has been searching for a potential buyer for more than a year now. The job cuts will affect about 40% of the totoal workforce of Siemens Enterprise Networks. The company said that in Germany, 2.000 jobs will be cut and 1.200 jobs will be relocated to other units owned by Siemens or its company partners. As of March 2008, there is no information on the locations (neither globally not in Germany) affected by the restructuring and when the job cuts will be implemented.
Eurofound (2008), Siemens Enterprise Networks, Internal restructuring in World, factsheet number 66362, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66362.
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...
