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.
Borsodchem, a producer of plastic raw materials, has announced the mass redundancy of 550 workers. The company indicated that the measure became inevitable as its major clients from the automotive, building and furniture manufacturing industry placed significantly fewer orders as a result of the global crisis. Borsodchemfirm is the biggest employer in Kazicbarcika and the 23rd largest company of Hungary. The company was founded in 1991 as the successor of the Borsodi Vegyi Kombinát (established in 1949) and became listed in the Hungarian stock exchange in 1996. Upon receiving the news of the dismissals, trade unions collected approximately 2,000 signatures of workers to demand help from the government . The mayor of the city also demanded governmental action. Negotiations have been initiated among company management, trade unions, local municipality and the national government with the aim to seek alternatives to the mass redundancy.
Eurofound (2009), Borsodchem, Internal restructuring in Hungary, factsheet number 68276, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68276.
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...
