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 of February 2011, the newspaper Delo announced that Acroni Jesenice, the largest Slovenian steel company located in Jesenice in the Gorenjska region, is due to cut 240 by mid May 2011. Acroni has been severely hit by the economic downturn. Consequently the number of orders sharply fell and now the company plans to reduce employment from existing 1,500 to 1,260.
Acroni is part of the Slovenska industrija jekla - SIJ (Slovenian Steel Industry) owned by Russian corporation KOKS, which acquired SIJ three years ago. One of the contractual requirements was that there should be no reduction of employment in the period of three years after the acquisition. This period now expired.
According to previous announcement of newspaper Delo in mid 2010, the company expected to cut 269 jobs of a total workforce of 1,472 by the end of 2011.
Eurofound (2010), Acroni, Internal restructuring in Slovenia, factsheet number 70528, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70528.
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...
