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 7 September 2012, ST Aerospace, a specialist in aircraft component repair, management and logistics services, announced plans to restructure its Scandinavian business. The restructuring will affect around 300 employees across all functions in the company’s facilities in Copenhagen (Denmark), Oslo (Norway) and Stockholm (Sweden).
According to the company, these job cuts have become necessary due to the challenging environment in Europe characterized by a weakened domestic travel and cargo demand.
ST Aerospace has announced that it will support the redundant workers through dialogue, counseling sessions and job placement programmes to retrain and equip employees with new skills. As stated in a press release, the company currently works closely with trade unions and employee representatives to offer outplacement programmes to those affected by the internal restructuring.
ST Aerospace is the European subsidiary of ST Aerospace Mobile which is part of Singapore Technologies Aerospace.
Eurofound (2012), ST Aerospace, Internal restructuring in European Union, factsheet number 74314, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74314.
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...
