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 24 September 2010 Asia Food Kft announced their plan to build a noodle factory in Verpelét, Hungary, which will employ 150-200 workers by mid 2011. The French owned company produces frozen Chinese noodle products. Most of the products will be exported to Italy and France.
The local government offered the 5400 square meter former barrack for the generous price of 3.4 Euro/m2, in order to encourage development. The municipality of Heves has an 18% unemployment rate, but this new investment could increase employment and attract more business to the region.
Update 23.03.2012: The company announced the start of production with 70 employees from 1 April 2012, and will hire further 180 employees until he end of 2012.
Eurofound (2010), Asia Food, Business expansion in Hungary, factsheet number 70977, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70977.
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...
