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 20 May 2010, the glassware manufacturer Arc International (employing 12,000 workers worldwide and 8,000 in France) has announced that it is to cut around 643 jobs next year at its Arques site in the north of France. "The site saw its turnover fall by 25% between 2008 and 2009, and is seriously over-staffed", explained the company.
Arc International has finalised a reorganisation plan for the period 2009-2010. "Arc International will thus keep its commitment to avoid forced departures in 2010", added the company. Arc International started negotiation with unions in order to allow the Arques site to be competitive in the face of low-cost imports. Two projects have been presented to the unions: "Ambition Arques" for the industrial part and "Profile" for the non-industrial part. These two projects would involve a reduction of 643 jobs by the end of 2011.
Arc International will improve the voluntary redundancy plan already in place and encourage internal and external mobility of employees, through a training programme with an annual budget exceeding 3% of the wage bill. The workforce on the Arques site will be reduced from the current 6700 employees to 5500 at the end of 2011. The negotiation must end on 7 June 2010.
Update on 22-09-2011: the workforce will be reduced to 5,500 by spring 2012.
Eurofound (2010), Arc International, Internal restructuring in France, factsheet number 70601, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70601.
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...
