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.
Stora Enso, a Finnish-Swedish pulp and paper manufacturer, is to let go of 300 employees due to the decline in the newspaper industry. The reductions are distributed on 175 jobs in Kvarnsheden, 100 jobs in Hyltebruk and another 25 jobs in Nymölla, Ala and Gruvön.
The reductions are part of a larger restructuring plan, which will see a total of 600 people go from different units within the group. Earlier employment adjustments by Stora Enso in Sweden are covered in factsheet 19847, 19364, 14367, 19021 and 10320.
Stora Enso also owns saw mills at different locations in Sweden. According to a representative from the company, there may be further reductions within that sector.
The company claims to ensure that they will work in cooperation with the local society to help affected employees find new employment. Vacancies at other Stora Enso units will be made available.
As of February 2013, there is no information about when the employment adjustments will start taking effect or when they will be implemented by.
Eurofound (2013), Stora Enso, Internal restructuring in Sweden, factsheet number 74893, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74893.
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...
