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.
UNISTER, a German e-commerce company, will cut 150 jobs immediately and is to cut further 100 jobs in the medium term. In light of the implementation of an income optimisation programme, which is called “Unister 3.0”, the company is aiming to achieve savings of €30 million mainly through saving costs in areas with limited growth prospects. With this programme, the company is also aiming to reduce its stuff numbers by 25%.
Unister is a German e- commerce company which is headquartered in Leipzig. The company was founded in 2002 and currently has around 1,500 employees . Although Unister, the operator of online travel portals like Ab-in-den-Urlaub.de or Fluege.de, already cut 200 jobs last year. According to the press statement of Unister, a total of 100 of its employees are prepared to sign a termination agreement, while 50 employees already agreed to leave the company. Furthermore, around 100 jobs will be reduced additionally via natural fluctuation in the midterm.
Eurofound (2015), Unister, Internal restructuring in Germany, factsheet number 84766, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84766.
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...
