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.
Manufacturer of agricultural machinery Linamar has opened a new machinery manufacturing unit and created 250 new jobs.
The investment of HUF 7 billion (EUR 23 million) was made possible through financial support of the European Union and the Hungarian government of around HUF 1.5 billion (EUR 5 million) as a part of the New Széchenyi Plan on job retention and job creation. Accordingly, Hungarian Prime Minister Viktor Orbán handed over the new manufacturing unit and communal building while emphasizing the importance of such investments in Hungary.
The Canadian Linamar Group has been operating in Hungary since 1992, increasing the number of its employees from 354 to 2,100, and its revenue from HUF 602 million (EUR 2 million) to HUF 37,3 billion (EUR 124 million) until 2011.
Eurofound (2012), Linamar, Business expansion in Hungary, factsheet number 73382, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73382.
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...
