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 24 October 2008 the department store chain Karstadt announced the loss of 334 jobs in its central headquarters in Essen. This follows extensive negotiations with the works council which resulted in an agreement on a social plan. Prior negotiations with the works council, Karstadt announced the loss of 400 to 450 jobs. The job losses will be implemented by 31 May 2009 and will be achieved through voluntary means in order to avoid direct dismissals. The company’s headquarters currently employs 2000.
Eurofound (2008), Karstadt, Internal restructuring in Germany, factsheet number 67035, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67035.
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,...
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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...
