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.
American multinational HP recently announced additional restructuring measures on top of the previously announced elimination of 29,000 positions in October 2013. Within the framework of the previously announced large scale restructuring plan of Hewlett-Packard, additional 5,000 positions will be eliminated by the end of 2014.
As announced in December 2013, the total number of job cuts will therefore increase from 29,000 to 34,000 jobs. The additional job cuts represent an extra 15 pc of the originally predicted number of job cuts. Detailed information on where exactly the additional 5,000 job cuts will take place is yet to be published. According to media reports however, staff in Germany will be affected by the job cuts.
By October 2013, Hewlett-Packard had already carried out 24,600 job cuts which left the company with 317,500 remaining staff.
Eurofound (2013), Hewlett-Packard (HP), Internal restructuring in World, factsheet number 76428, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76428.
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...
