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.
Dekorsy Ipari és Kereskedelmi, a plastic component manufacturer for the car industry, went bankrupt and 300 jobs were lost in Sopron. The job losses are blamed on the decline in orders and the insolvency of its German mother company Dekorsy.
Around 100 employees had been dismissed previously to counterbalance the negative impact of the global economic downturn on the car manufacturing industry. The downsizing was carried out by not renewing expired contracts.
By summer 2009, however, it had become clear that the company would be unable to secure a sufficient amount of orders which would permit its continued functioning. Consequently, the company underwent a liquidation process and dismissed its remaining 200 workers in the framework of a mass redundancy scheme.
The Sopron (Győr-Sopron county) based company was established in 1998 and produced injection moulded plastic parts for the car industry.
Eurofound (2009), Dekorsy Ipari és Kereskedelmi, Bankruptcy in Hungary, factsheet number 70116, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70116.
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...
