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.
Lappeenranta University of Technology (LUT) is to cut 130 positions. The cutbacks are part of a new savings scheme (€8.5 million) that has been introduced due to decreased funding. Employer-employee negotiations start on September 22 and will last at least six weeks.
Update 14/1/2016:Following concluded employer-employee negotiations Lappeenranta University of Technology (Lappeenrannan teknillinen yliopisto) is to cut 120 positions instead of previously reported 130 positions. 55 jobs will be cut through direct dismissals, 51 by not renewing fixed-term contracts and the rest through retirement, job loss on voluntary basis and through reducing full-time jobs to part-time jobs.
The Finnish government is in total reducing the grants to the Finnish universities by €600 million during 2016-2020, leading to redundancies at many of the 14 Finnish universities. The ERM has reported on ongoing employer-employee negotiations at Aalto University, Åbo Akademi, the University of Eastern Finland and the University of Helsinki.
Eurofound (2015), Lappeenranta University of Technology, Internal restructuring in Finland, factsheet number 84736, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84736.
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...
