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.
Global oilfield services provider Schlumberger is to cut 120 jobs in France out of a total workforce of about 2,000 employees. The job cuts are part of a worldwide restructuring announced in April that involves about 11,000 job cuts. This will reduce the company’s workforce by 10%. However, the union CFDT has announced a higher rate (about 16- 17%). The cuts come in response to falling profits, which the company has blamed on falling crude oil prices and the resulting decline in extraction activities. The Technip group has recently announced about 6,000 jobs cuts worldwide for the same reasons.
Schlumberger employs 115,000 workers in over 85 countries.
Eurofound (2015), Schlumberger, Internal restructuring in France, factsheet number 83945, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83945.
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...
