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.
The management of the French banking group, Caisse d'épargne, has announced that 4500 jobs will be cut between now and 2012. 3,500 of them will disappear in the banking industry of the group, and 1,000 in other commercial activities.
The management had earlier attributed these cuts to a European regulation concerning the opening to competition of the "Livret A". This is a type of savings account exempt from taxation, which is very widespread in France : more than 45 million French people possess it.The new legislation will authorize every bank to issue these instruments, which werehitherto exclusively reserved to certain banks, namely the Caisse d’Epargne, the Banque Postale and the crédit Mutuel.
Management now concedes that the job cuts are part of a larger plan, existing for some years, which aims to reinforce the efficiency of the group. The new law is merely a catalyst.
Management states that there will be no compulsory redundancies, and the whole plan will be implemented on a voluntary basis.
Eurofound (2008), Caisse d'Epargne, Internal restructuring in France, factsheet number 66624, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66624.
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...
