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.
Danfoss, a Danish-based global producer of compressors and condensing units for refrigerators and light commercial applications, has announced a second round of restructuring which involves 300 job losses at the headquarters in Nordborg (South Denmark). 200 jobs will be achieved through direct dismissals and 100 through natural wastage. Last October the company announced 350 job losses in Denmark. The management explained at the press conference that a significant slowdown in the economy in the last quarter of 2008 had made the redundancies necessary. Danfoss and the local unions will agree a set of measures to help redundant workers to find new jobs or re-train. The job losses in Denmark are part of a large restructuring plan that will result in the loss of 850 jobs worldwide.
As reported, Denmark has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2009), Danfoss, Internal restructuring in Denmark, factsheet number 68802, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68802.
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...
