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.
Arkomat Bulgaria plans to create between 600 and 700 jobs at its new plant in Bulgaria, located in Karlovo, which is expected to be operational by September 2015. Reportedly, the new plant will produce cable assemblies for vehicles for Volkswagen, Audi, Mercedes, Ford, Renault, Peugeot and Citroen. The investment is made by the American company Globe and the Italian ARK-O-MAT- Bulgaria LTD, which is the representative of Globe for Southern Europe.
The location of the new plant in Karlovo is dictated mainly by two reasons - the proximity of Kazanlak (where the first plant operates since 1999 with 1100 employees) and the high unemployment in Karlovo, which is above the national average.
Arkomat was founded in 1982 in Istanbul (Turkey) and it has been manufacturing welding machines and welding equipments since 1997. Since 1994, Arkomat has been an international subcontractor company for VWEST and since the beginning of 2007 – for SE BORDNETZE – BULGARIA (parts supplier for the international automotive industry).
Eurofound (2015), Arkomat Bulgaria, Business expansion in Bulgaria, factsheet number 78188, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/78188.
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...
