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.
Finnish University Åbo Akademi in Turko has initiated employer-employee negotiations aiming to cut a up to 154 jobs. The reason for the internal restructuring is reduced funding for the university from the Finnish government. The university has to save €7.7 million during 2016-2018. The 154 redundancies will be split evenly between teaching/researching staff and administrative/additional staff.
Both the principal of Åbo Akademi as well as the local union representatives state that the savings requirements from the government are unreasonable.
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, the University of Helsinki, the University of Eastern Finland and Lappeenranta Univeristy of Technology.
Update 11/3/2016:Following completed employer-employee negotiations 87 jobs will be cut at Åbo Akademi. In total 47 individuals will be directly dismissed, of these 47, 10 employees working with education and research will be made redundant and 37 employees working as administrative/additional staff. The remaining 40 positions will be cut through retirements and non-extension of fixed term contracts. The dismissals will be executed during April and the remaining 40 positions will be cut gradually until the end of 2017.
Eurofound (2015), Åbo Akademi, Internal restructuring in Finland, factsheet number 86009, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86009.
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...
