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.
The Danish based multinational medical company, Coloplast, announced on 14 August 2009 that it will close the factory in Espergærde (north of Copenhagen) and 400 will be made redundant. The production will be offshored to Hungary after 1 October. The relocation is expected to take effect from 1 October and be carried out over three years; it is not yet known how many dismissals will take place this year. At the same time parts of the production in Thisted will be offshored to Hungary. Around 400 jobs within production will remain in Denmark in the long perspective.
On 20 October the management gave more precise information about offshoring and redundancies. During the next 18 month the production of medical equipment will be offshored to the low-wage countries Hungary and China. The first group of 143 have received a letter of dismissal, i.e. 62 employees in Thisted 81 at Coloplast's factories in Northern Zeeland. Headquarters is still in Humlebæk, Northern Zeeland. Coloplast offers to support continous vocational training (CVT) economically for the dismissed employees if the public authorities cannot offer CVT before the end of the notification period, which is maximum six months, in most cases bewteen two to four months.
Eurofound (2009), Coloplast A/S, Offshoring/Delocalisation in Denmark, factsheet number 69466, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69466.
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...
