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.
Fabrics production company Finlayson Forssa has been declared bankrupt by its Norwegian owner. making all 120 workers at the factory redundant.
Finlayson Forssa produced and supplied fabrics to work wear and military garments.
Norwegian Sagatex ASA bought Finlayson Forssa Oy from Asko Oy together with its sister company Finlayson Sisustustekstiili Oy in 1998. Few years later Finlayson Sisustustekstiili Oy was sold to Espe Oy.
In the beginning of 2007 Finlayson Forssa Oy decided to close the coating department in Forssa and concentrate on its core competence, manufacturing of work wear and military fabrics. In March 2007 a co-operation agreement was signed about the expansion of production to China.
At the moment Finlayson Forssa Oy includes textile manufacturing and finishing mill in Forssa, weaving mill in Ikaalinen and sales office Sagatex Baltics Oü that operates in Estonia. In 2007 the turnover of the company was € 27 million and there were some 200 employees.
Eurofound (2008), Finlayson Forssa, Bankruptcy in Finland, factsheet number 67474, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67474.
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...
