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.
Saia Burgess Ózd Kft, an automotive industry supplier, has made between 100 and 150 workers redundant at its plant in Ózd, Hungary.
Saia Burgess Ózd Kft confirmed news agency reports on the mass redundancy measure initiated at the plant. News agencies estimated that the lay-off affects approximately 100 workers, though one online agency quoted plant workers indicating numbers as high as 150. The majority of those dismissed are temporary agency workers, whilst the rest had fixed-term work contracts. Local management blamed the measures on the global crisis hitting the car industry.
The Hungarian facility, producing electrical spare parts, is a subsidiary of Saia Burgess Electronics Company, whose headquarters are in Murten (Switzerland). The uncertainty over the exact number of dismissed Hungarian workers is due to the fact that only the headquarters have the mandate to disclose such information.
Eurofound (2008), Saia Burgess Ózd, Internal restructuring in Hungary, factsheet number 69235, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69235.
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...
