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.
Linde Hydraulics, a German manufacturer of hydraulic and electric power engines, is to cut 350 out of 1,400 jobs. As announced on 23 October 2014, the high price pressure and reduced demand for hydraulic products are the main reasons for the job reduction. From this year onwards, the company intends to save €40 million per year.
Jobs will mainly be cut at three plants around Aschaffenburg but also at a plant in Ballenstedt. The reduction will affect employees across all departments. 200 positions shall be cut in the first quarter of 2015 and another 150 will be cut in the beginning of 2016. The reduction shall be implemented by partial retirement and via a transfer agency.
Eurofound (2014), Linde Hydraulics, Internal restructuring in Germany, factsheet number 77755, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77755.
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...
