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.
Czech coal mining company OKD will make redundant around 250 people in the last quarter of 2014 and the first quarter of 2015 due to the adverse economic situation and the low prices for coal. The restructuring plan will involve the consolidation of mining at currently separate sites by interconnecting them. OKD operates four big mines in the Czech Republic employing over 11,000. It continues to reduce its staff numbers by about 50 people a month due to natural wastage.
Update 14 October 2014. The newspaper reported that Czech coal mining company OKD will make redundant 300 people by the end of 2014 in order to maintain market competitiveness. The laid-off workers will be given severance pay amounting to six monthly wages. The company also offers assistance in finding new jobs or starting up own business.
Eurofound (2014), OKD, Internal restructuring in Czechia, factsheet number 77645, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77645.
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...
