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.
The multinational corporation, Kinetic Concepts, announced its intention open a global transaction services center in Budapest which would create 100 jobs in 2011.
KCI is a worldwide provider of advanced healing technologies and a wide spectrum of innovative products that aim to improve clinical outcomes, while helping to reduce the overall costs of care. KCI is world-wide operating company; the center in Hungary will be responsible for all operations in finance and administration. The company first plans to hire 50 highly educated multilingual professionals on a 2400 square meter establishment, which will be enlarged to 4200 square meter next year when reaching the planned 100 employees at the shared service center.
Eurofound (2010), Kinetic Concepts, Inc, Business expansion in Hungary, factsheet number 70940, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70940.
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...
