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.
De La Rue, the world largest commercial banknotes printer and passport manufacturer, will be reducing 300 from its current 550 employees at its company in Zejtun, Malta. The move follows the company’s plan to increase profitability by phasing out the printing of banknotes from its site in Malta. Meanwhile, the company stated that it will be investing €21 million in equipment and skills to relocate its current identity and security print capability from Gateshead in the UK to Malta. De La Rue anticipates that their proposed restructuring plan will be finalised by the first half of financial year 2018/2019. Taking into consideration the published timeframe for this restructuring process it can be assumed that within the next 9 months the said company will cut at least 100 jobs out of the 300 jobs it plans to terminate.
The General Workers’ Union (GWU) confirmed that the company is planning to dismiss 300 workers and said the union is currently holding talks with the company.
Update 22/11/2016: De La Rue reversed its decision, will retain and expand currency printing operations in Malta. Unofficial sources claim that Brexit was a significant factor leading to the reversal of this decision by De La Rue. The company is relocated its activity from the UK to Malta and investing 21 million euros to expand them.
Eurofound (2015), De La Rue, Reshoring in Malta, factsheet number 85663, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85663.
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...
