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.
1,003 jobs are to be lost at the French furniture retailer Mobilier européen due to liquidation proceedings. As reported, the furniture retail activities under the brands “Fly”, “Atlas” and “Crozatier” are partially taken over. The main takeover companies are : “NF Holding” that will maintain 41 “Fly” shops and take over 724 employees with 5 offers of relocation; the furniture retailer “But” that will take over 228 employees and will propose 119 offers of relocation; and Casalys will keep 4 shops with 36 employees. The headquarters in Kingersheim will lose 263 jobs on a total of 314 employees. Taking into account four other takeovers, the total amount of job cuts will reach 1,003 positions. This number could reach the 1,088 job loses if the 124 employees refuse the relocation offers. The liquidation of stock allows the group to finance an employment safeguard plan of €20 million for the dismissed employees.
Updated, 21-11-2014: the Commercial court of Mulhouse has agreed several partial takeover offers for the group Mobilier européen. However, 1003 employees will be dismissed and the government has announced a plan to help these workers to find a new job. All are invited to sign a “career path security contract” (contrat de sécurisation professionnelle) that provides to the former employees an allowance almost equal to their former salary for 12 months and in addition support to follow a professional training program. The employment public service will also launch an individual monitoring for each employee to support them in their employment search.
Eurofound (2014), Mobilier européen, Merger/Acquisition in France, factsheet number 77779, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77779.
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...
