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.
Veho Group subsidiary, Finnish car dealership chain Veho Autolat announced plans to cut 106 jobs. According to the sources, the restructuring is due to a long term decline in profits and the job cuts will primarily affect retail, service and administration personnel. As announced, the company will next week start statutory negotiations that refer to approximately 430 employees, almost half of its total workforce. As announced, company sites in Helsinki metropolitan area, Tampere and Raisio may be affected by the job reduction measure.
Veho Autolat is the main Veho Group retail business in Finland. Veho Group has a total of 2,212 employees and operates in Finland, Sweden and the Baltic countries. In 2012 the company had a turnover of €1,060 million. For a previously reported restructuring event see Veho-2009.
Eurofound (2014), Veho Autotalot, Internal restructuring in Finland, factsheet number 77517, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77517.
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...
