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 24 January 2014 Rabobank announced it will cut between 1,000 and 2,000 jobs in the coming three years as it downsizes its domestic operations. The cuts will take place at the central office in Utrecht. The bank wants to cut costs by € 220 million and to streamline the corporate structure as part of its Vision 2016 programme. The measure comes on top of earlier restructuring measures, involving some 8,000 job cuts (see here). The Dutch bank employs about 60,000 employees worldwide.
Updated, 17/05/2014: As announced, the number of job losses will be 1,240, of which 460 refer to permanent contracts. Forced dismissals are not ruled out. As reported the company mentions that the restructuring is linked only to a € 30 million cost saving plan. The final decision by the works council is expected to be taken in May.
Eurofound (2014), Rabobank, Internal restructuring in Netherlands, factsheet number 76477, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76477.
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...
