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.
On 25th April, SAS management announced the sale of its subsidiary SAS Facility Management AB to Coor Service Management owned by the investment company Cinven. All the 130 employees (of whom 45 in Norway) employed at SAS Facility Management AB in Denmark, Norway and Sweden will be transferred to Coor Service Management by 2nd June. They will all keep their salaries and other benefits. Although the unions in SAS are generally opposed to outsourcing, they seem to accept the sale of the facility management. The contract amount to NOK 1,5 billion.
Outsourcing of services has been an ongoing discussion in SAS for a long time. Also outsourcing of the ground services has been a hot issue, but the company decided in February to retain these, among others because of strike threats. Although the unions in SAS are generally opposed to outsourcing, they seem to accept this sale of the facility management.
SAS Facility Management AB (and its subisidiaries) handles services to SAS such as property management, production service, conference and reception services in Norway, Sweden and Denmark.
Eurofound (2008), SAS Facility Management, Outsourcing in European Union, factsheet number 66561, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66561.
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...
