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.
Hertie, a traditional German department store, was sold by the retailer Karstadt Quelle to British investor Dawney Day Group in 2005. Following a drop in sales, Hertief filed for insolvency in 2008. As Dawney Day is in financial difficulties, the investor is interested in selling the company. On 26 January, the insolvency manager declared that a new buyer is not in sight. He presented a restructruing plan to the works council which envisages the closure of 19 out of 73 stores. 650 out of 3,400 jobs will be lost (520 out of 3,000 are full-time jobs).
Eurofound (2009), Hertie, Internal restructuring in Germany, factsheet number 67959, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67959.
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...
