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.
Eesti Energia Kaevandused, the subsidiary of the national energy company Eesti Energia Group, announced the reduction of 103 jobs during a three-month period at the end of November 2009. The main activities of Eesti Energia Kaevandused AS are in oil-shale mining.
According to the announcement, job reduction affects mostly workers in service and maintenance of mining equipment. The restructuring is part of a longer process of reducing fixed costs and raising the quality of work. The company has invested in the past years in new mining equipment. This has also reduced the need for maintenance. With the new equipment, the maintenance service will be provided by the manufacturing company of the equipment.
According to the collecitve agreement in the company, the trade union has been informed of the restructuring plans. According to the representative of the trade union, the need for restructuring is understandable. The trade union will work in cooperation with the employer to support redundant workers in finding new jobs. Furthermore, cooperation with the Unemployment Insurance Fund is planned, who will inform the persons who have received the redundancy notice about their rights and introduce possibilities for retraining.
In view of reducing fixed costs and increasing effectiveness, a restructuring programme has been undertaken in other subsidiaries of the Eesti Energia Group as well, though to a less extent. The Eesti Energia Narva Elektrijaamad announced the reduction of 80 jobs in units which are not related to its main activity, i.e. production and distribution of electricity (e.g. maintenance of real estate and other supporting services). The restructuring will affect about 5% of the employees in the subsidiary.
Eurofound (2009), Eesti Energia Kaevandused, Internal restructuring in Estonia, factsheet number 70019, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70019.
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...
