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.
Producer of solar electric panels Greiner Renewable Energy, the solar division of the Austrian Greiner Holding group, is to be liquidated, whereby 100 employees will lose their jobs. As reported, the step is due to high losses of the company, and no expectations of making profits again soon. As announced, socially acceptable solutions are to be found for the employees; some might be employed by other companies of the group. The timeline for the restructuring is not yet available.
Updated, 17-11-2013: As reported, the company has orders until the end of October. The remaining 90 employees (12 have left the company or have been employed in other branches of the group) have been registered with the Public Employment Service's early warning registration system. Employment might be terminated by the end of 2013 (while adhering to time limits). Negotiations on a social plan have commenced and are 'constructive', according to the group's works council.
Updated, 28-12-2013: As reported, the company has halted its production on 11 December 2013. 7 employees will remain by the end of the liquidation process until the end of the first quarter 2014.
Eurofound (2013), Greiner Renewable Energy, Bankruptcy in Austria, factsheet number 75521, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75521.
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...
