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.
After a range of restructuring measures and after several months of workers' protests, the German car supplier Karmann filed for insolvency in April 2009. Plans by the administrator included the closing of the machine tool division and the loss of 513 out of the remaining 1,979 jobs.
In June 2009 the negotiations between the administrator, the works council and the metalworkers' union IG Metall came to an end. On 16 June IG Metall announced that 300 out of 1,979 jobs at the Osnabrück site will be cut and that the machine tool division is to remain open. In return, the administorator demands a 30% decrease in labour costs. Negotiations on wages and job security will start soon. See fact sheet 12998 for additional information on previous wave of restructuring in the company.
The German authorities applied for aid from the European Globalisation Adjustment Fund (EGF) and it is currently being implemented.
Eurofound (2009), Karmann, Bankruptcy in Germany, factsheet number 69089, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69089.
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...
