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 Tyrolean, family-run glassware and jewellery producer Swarovski is to cut further 150 jobs from a total of about 5800 posts at its headquarters in Wattens within the next few weeks. This was announced by management on 8 February 2009. The company comprises the brands Tyrolit, Swareflex, Signity and Swarovski Optik. The planned job reductions are due to ‘the current market situation which has become even more awkward recently', it was said. In particular, the order situation has worsened in 2009 compared to the anyhow difficult previous year. Swarovski already reduced its workforce by 750 employees last year. In addition, 200 vacant positions were not filled in 2008. Moreover, management is planning to relocate parts of its production facilities to the Czech Republic and China within an indefinite time period, which is expected to affect further workers. All of the 150 employees affected by the most recent redundancies will be entitled to enter a regional re-employment scheme.
Eurofound (2009), Swarovski, Internal restructuring in Austria, factsheet number 68262, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68262.
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...
