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 mobile phone company Nokia has started personnel negotiations concerning 200 employees - approximately half in Finland - working in the Services & Software unit. Nokia aims to reemploy affected employees into new positions within the company, and also plans to introduce voluntary arrangements for employees. Nokia's Services & Software unit has announced plans to refine parts of its global research and development activities. While Nokia continues to grow its investments in consumer Internet services, the unit plans to integrate some of the content delivery services into a single service. Nokia's Internet services strategy continues unchanged with a focus on key service areas such as music, games, messaging and location based services. The aim of the personnel negotiations is to find alternative solutions and work for as many employees as possible within Nokia, at which the company has a good track record from previous years. "This year we plan to hire more people into the Services & Software unit than the number of affected employees, so we expect that many employees will be able to transition to new jobs within Nokia" said Niklas Savander, Executive Vice President, Services & Software in the press release.
Eurofound (2008), Nokia, Internal restructuring in World, factsheet number 66986, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66986.
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...
