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.
E.G.O., a German home appliance supplier, will cut 270 jobs at its headquarter in Oberderdingen. The company has already signed a contract with its works council to secure its headquarters by investing a minimum of €36 million within the duration of the contract. Even though the company will invest in new technologies, job cuts will still occur at the site but according to the management dismissals due to operational reasons are to be avoided. Among others, the production of pipe and tubular heating elements, as well as the mixing department for hot plates will be closed by the end of 2016. The punching centre will shut down by the end of 2017.
As part of the restructuring measures the executive board the works council have negotiated a new contract for the remaining 1,750 employees. The contract includes two more working hours per week and moreover 25% of Christmas and holiday bonuses will be cut. The management hopes to secure the company's future in the medium term with these measures.
E.G.O. currently employs 1,800 staff at its headquarter in Oberderdingen and 5,900 employees worldwide.
Eurofound (2015), E.G.O., Internal restructuring in Germany, factsheet number 86011, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86011.
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...
