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 18 April 2013, the petrochemical group Saudi Basic Industries Corporations (SABIC) announced plans to reduce its European workforce by 1,050 staff due to a weak business outlook for the region.
As part of these job cuts the group will lay off 420 employees in its Dutch operations. The majority of these layoffs will take place in Limburg, where 300 employees will be made redundant. The remainder, 120 positions, will take place across plants and offices in Amsterdam, Bergen op Zoom, Enkhuizen and Raamsdonksveer.
Information on where the remainder of the European job cuts will be carried out have yet to be published.
SABIC is the world’s largest petrochemicals group and currently employs around 40,000 staff worldwide.
Eurofound (2013), SABIC, Internal restructuring in European Union, factsheet number 75708, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75708.
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...
