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 Social Insurance Institute (IKA-ETAM), the largest social security body in Greece, is about to dismiss over 500 employees following a Court ruling.
Various media sources announced November 14th, 2012 the dismissal of over 500 employees at IKA – ETAM due to the decision of the Athens Administrative Court according to which Law 3899/2010, under which they have been employed is anti-constitutional. According to the assessment, the aforementioned employees had succeeded in public sector exams to be employed at the Rural Bank (Agrotiki) in 2010, however the bank was privatized shortly afterwards, so the candidates were employed by IKA instead.
The decision has triggered a debate, as IKA is a very busy division of the public sector, and according to recent agreements between the Greek government and Troika, there will be no more recruitment in the public sector for the next few years, as it is currently undergoing restructuring (see here). This is reported to hinder the activities of IKA, as after the 500 dismissals the entity will be understaffed, at least until they transfer and train employees from other public sector divisions.
IKA is the state Social Security institute in Greece. The main mission of IKA is to offer insurance coverage to its members through various benefits and medical care. It covers 5,530,000 workers and employees and provides 830,000 pensioners with retirement allowance. Other beneficiaries are disabled and old age pensioners, as well as those receiving Death Pensions.
Eurofound (2012), IKA - ETAM, Internal restructuring in Greece, factsheet number 74539, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74539.
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...
