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.
On 1 April 2009, the insolvent chip producer Qimonda announced the reassignment of around 2500 employees to a transfer agency. Qimonda had filed for insolvency on 23 January 2009 after a finance package promised by several investors, amongst them Qimonda's parent company Infineon and the state government of Saxony, did not come through.
The insolvency proceedings were opened on 1 April 2009. On the same date, around 600 employees in Munich and another 1,850 employees in Dresden agreed to join a transfer agency. Depending on their marital status, those employees received between 70% and 77% of their former net wage. These payments were to end by mid-August 2009. Since summer 2009, several parts of Qimonda were sold to other investors. The insolvency administrator was, however, still looking for further investors in summer 2009. On 16 June 2009, Qimonda released a press statement announcing that a core team of 226 employee in Munich and 240 employees in Dresden would keep up production. At that time, the company stated that around 2,700 employees were reassigned to the transfer agency.
Eurofound (2009), Qimonda, Bankruptcy in Germany, factsheet number 69976, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69976.
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...
