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.
German retail chain Karstadt will shut down four of its stores by the end of March 2016 which will make 580 jobs redundant. The company's stores in Bottrop, Dessau will close by the end of March 2016 and Neumunster and Recklinghausen by the end of June 2016. The company is currently involved in discussion with employee representatives to agree the details of the redundancy programme. The company aims to avoid a second insolvency. It previously made 960 employees redundant at the end of March 2015 as part of a cost reduction programme. In March 2015, Karstadt already announced its plans to cut 1,000 jobs as well as 400 part-time jobs.
Eurofound (2015), Karstadt, Closure in Germany, factsheet number 84555, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84555.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
