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.
Moventas Wind, a Finnish producer of gears for wind turbines, has announced up to 120 redundancies from its plant in Jyväskylä. The company has started mandatory negotiations with employee representatives on the proposed cuts.
Moventas Group is being sold to British-based Clyde Blowers Group. In addition to Moventas Wind, the sale includes the subsidiary Moventas Santasalo (220 staff), where cuts are not planned at this time. Moventas Group filed for bankruptcy in June as a result of slowing demand. The company cut staff for the same reason already a year ago.
Updated, 05-12-2011: Moventas has concluded negotiations and confirmed 120 redundancies. It is now planning to dismiss 62 employees and outsource another 58.
Eurofound (2011), Moventas Wind, Merger/Acquisition in Finland, factsheet number 72740, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72740.
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...
