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 Austrian Erste Bank plans to cut its workforce by up to 300 employees by the end of 2010 within the framework of a comprehensive cost reduction programme. According to the bank institute's CEO, Elisabeth Bleyleben-Koren, both personnel and material costs should be reduced by 7-10% within one year. This is expected to save about €20 million. According to the CEO, these measures are necessary due to dramatic loan defaults expected for the next year. However, Ms Bleyleben-Koren has ruled out the possibility of direct dismissals. Staff will be reduced only by means of natural attrition. Currently, the bank employs about 3,000 staff in Austria.
Eurofound (2009), Erste Bank, Internal restructuring in Austria, factsheet number 69793, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69793.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
