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.
CIB bank announced 5 March 2009 that it has given notice to 300 employees in Budapest. The announcement quoted smaller number than was estimated by a news report, which reported a headcount reduction of 560. In the announcement the company indicated that the mass redundancy measure was undertaken with assistance given to the employees although no further information was disclosed about what it would actually mean. The downsizing was triggered by the global economic crisis' impact on the bank sector. The company belongs to Intesa Sanpaolo with headquarters in Turin (Italy)
Eurofound (2009), CIB Bank, Internal restructuring in Hungary, factsheet number 69652, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69652.
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...
