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.
Cable manufacturer Nexans has announced a reorganization that will lead to 206 job cuts by mid-2017 in France out of a total workforce of 2,900 employees. This reorganisation is part of a European-wide restructuring affecting 478 jobs. According to the union delegate, 70 positions will be cut at the headquarters in Clichy (Hauts-de-Seine), 38 positions at a site in Lens (Pas-de-Calais) and in Fumay (Ardennes). Nexans has lost 333 million in 2013 and 168 million in 2014.
It faces increased competition of low-cost cable providers. In October 2013, Nexans announced 202 job cuts in France (see ERM FS) in the frame of a European-wide restructuring plan. In 2009, the group had also cut 387 positions in France (see ERM FS).
Eurofound (2015), Nexans, Internal restructuring in France, factsheet number 83703, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83703.
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...
