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.
Steyr-Daimler-Puch Spezialfahrzeug (SSF), a company specialising in the production of armored vehicles, is to cut 120 of its currently 450 jobs at the headquarters in Vienna-Simmering. SSF is a company integrated in a business unit called ‘General Dynamics European Land Systems' - consisting of four European enterprises in total, which are fully owned by the US General Dynamics Corporation. The firm's main field of activities centres around design, development, production and sales of wheeled and tracked armored vehicles. According to management, the current absence of large-scale orders is forcing the company to lay off staff in order to secure the Viennese site and to remain competitive. Therefore the management has sent written notification of the planned dismissal of 120 employees to the Labour Market Service. A social plan is currently being negotiated with the works council.
Eurofound (2009), Steyr-Daimler-Puch Spezialfahrzeug, Internal restructuring in Austria, factsheet number 68985, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68985.
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...
