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.
Heavy water, heat and power producer Regia Autonomă pentru Activităţi Nucleare (RAAN) (Romanian Authority for Nuclear Activities) is to cut 300 jobs. RAAN is a government business enterprise. The Government approved severance payments to support redundant workers from state-owned companies, including the ones of RAAN. As reported, the measure paves the way for dismissals, though a timeframe for the restructuring is not known yet.
RAAN became insolvent last year, with accumulated debts over 680 million RON (€151 million). RAAN has two main plants, producing heavy water for the nuclear power plant in Cernavoda (Romag Prod) and heat and power (Romag Termo) for its own use and for the use of the municipality of Drobeta Turnu-Severin. They are both undergoing economic difficulties, as their activities are interconnected.
During the year, 2,700 employees fearing of losing their jobs organised several protests on both sites of the company. In addition, another protest of 1,000 people took place in Drobeta Turnu Severin, to draw attention to the difficult economic situation of the company.
Eurofound (2014), Regia Autonoma pentru Activitati Nucleare, Bankruptcy in Romania, factsheet number 77646, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77646.
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...
