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.
Tchibo, a German retail company, has announced that it is to cut 350 to 500 jobs in 2008. The company's restructuring scheme involves the streamlining of its management, the restructuring of its network shops as well as improving its marketing. Tchibo, which operates coffee shops that also offer consumer goods, suffered from a decline in sales in 2007, and it aims at boosting the pretax margin to at least 5% by 2010. As of April 2008, there is no information on the exact location of the units affected by the restructuring. The management stated that job losses will be implemented through natural wastage; i.e. employees who leave the company will not be replaced. However, Tchibo plans to open more than 400 new shops in Eastern Europe over a 5-year period.
Eurofound (2008), Tchibo, Internal restructuring in Germany, factsheet number 66545, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66545.
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...
