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.
German steel maker Salzgitter is to cut 300 to 500 jobs through partial retirement. The company aims at avoiding direct dismissals. This was announced by the CEO Leese in an interview with FTD. Leese said that the steel plants run by 85% and that he expects them to go down to 80% in 2010. He also stated that it will take the steel market until 2012 to reach the 2007 level again.
The job losses come on top of the 1,500 recently implemented employees due to the economic crisis. The job cuts also affected employees on temporary agency work contracts; however, there were no direct dismissals. 16% of all employees are on short time work.
Eurofound (2009), Salzgitter, Internal restructuring in Germany, factsheet number 69695, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69695.
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...
