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.
US medical devices multinational Boston Scientific has announced that it is to close its County Donegal plant in 2010, with the loss of 120 jobs. The company has said that most of the manufacturing now being carried out at the Donegal site in Letterkenny would be moved to its Galway plant. The closure is part of a restructuring review of Boston's subsidiaries in Ireland. The multinational presently employs approximately 4500 in Ireland. It is understood that some positions will be available at the Galway site for those losing their job in Donegal - just how many is not yet clear.
Eurofound (2009), Boston Scientific, Relocation in Ireland, factsheet number 68118, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68118.
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...
