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.
Vallourec, a French steel pipes manufacturer, will cut 600 out of 4,000 jobs at its plants in Düsseldorf-Rath, Düsseldorf-Reisholz and Mülheim by 2017. According to managing director Norbert Keusen, one third of the job reductions will be implemented by reducing the number of temporary workers and overtime. The number of employees shall also be reduced by early and partial retirement and by not filling vacancies. However, operational dismissals are not excluded. Vallourec wants to reduce costs by at least 10% by 2017 to respond to overcapacity on the global steel market. In the first three months of this year, the company has had a total loss of 72 million euros. Turnover has decreased to one billion euros which is a decrease of 17 pc compared to the beginning of 2014. Vallourec is a worldwide operating company and employs 23,000 people. The company will cut 2,000 jobs in total worldwide.
Eurofound (2015), Vallourec, Internal restructuring in Germany, factsheet number 79848, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79848.
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...
