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 Spanish government has approved the redundancy procedure presented by the telecommunications company Telefónica which will affect 6,500 employees. The measure had been previously agreed on with the trade unions and is linked to a new collective agreement. This collective agreement includes, among other points, Telefónica's commitment to prevent any redundancies beyond the initially announced 6,500, the recruitment of at least 450 new employees and the setup of a grant programme for young workers.
Furthermore, the enterprise has been forced to reimburse the government for the costs associated with the resulting unemployment subsidies.
Eurofound (2011), Telefónica, Internal restructuring in Spain, factsheet number 72610, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72610.
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...
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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...
