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.
Klöckner & Co, producer and independent distributor of steel and metal products, is currently reducing its staff levels in an attempt to cut costs. As announced previously, the company is planning to reduce capacity by closing operations in 60 of its 270 locations. In total, 1,800 jobs will be affected, an extra 300 jobs compared to previous statements made by the company.
As part of this restructuring programme, the company is currently selling its entire Eastern European operations, with transactions being completed for the Czech Republic, Bulgaria and Romania and activities in Poland and Lithuania expected to be sold during the first quarter of 2013.
The company currently employs around 11,000 staff and operates in 20 countries.
Eurofound (2012), Klöckner & Co, Internal restructuring in European Union, factsheet number 74722, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74722.
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...
