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.
Construction and industrial services provider Bilfinger recently revealed its intention to cut 1,250 jobs worldwide in an attempt to cut costs. The job cuts will be carried out across the company’s administration, which currently employs around 9,000 staff.
The restructuring measures will reduce the company’s workforce by almost 2% and will be carried out over the next two years. In a press release the company said that it will try to keep the number of direct dismissals low and will cooperate with employee representatives during the restructuring.
Details on where the job cuts will take place have yet to be published but, as announced, the restructuring is expected to affect mainly Germany.
The company, which has headquarters in Mannheim, Germany, currently employs around 70,000 employees worldwide.
Updated, 18-01-2014: Bilfinger announced that 800 positions will be eliminated in Germany (FS 26511) as part of the previously announced restructuring involving 1,250 job cuts worldwide. It has also been declared that around two thirds of the restructuring will be carried out in Germany. With 250 job cuts, the company’s plant in Munich will be most affected by the restructuring in Germany. As reported, Bilfinger continues to try to limit direct dismissals where possible and has put into place measures to support staff affected by the redundancies, including an internal job market.
Eurofound (2013), Bilfinger, Internal restructuring in World, factsheet number 75909, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75909.
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...
