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.
Bayern Landesbank, a bank owned by the state of Bavaria (50%) and the public saving banks of Bavaria (Sparkassenverband Bayern), will cut 300 to 350 jobs at its headquarter in Munich. The bank employs a global workforce of 19,200. Most of the jobs will be shed in the IT-service division. The bank claims that it run too many programmes and job cuts in the IT-sector will reduce human ressouce costs and material costs. Bavarian Social Democrats say that the job cuts have to be seen in light of the financial crisis and that workers have to bear the costs of management errors. According to Bayern LB, the job cuts will be achieved by natural attrition and voluntary measures and without direct dismissals.
Eurofound (2008), Bayern Landesbank, Internal restructuring in Germany, factsheet number 66774, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66774.
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...
