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.
Nürnberger Versicherung, a German insurance company, will cut around 300 out of 2,700 jobs during the next 3 years. This restructuring forms part of a new company alignment with the company having decided to offer all of its products online. The job reduction will thus affected its office staff, but the company wants to avoid compulsory redundancies.The new restructuring scheme follows the announcement of 170 job cuts due to changes in the company's life insurance business in March 2015 (Nürnberger Versicherung 2015).
Nürnberger Versicherung was founded in 1884 and is based in Nuremberg. Currently around 23,000 employees are working for the company of which 4,000 at its headquarters in Nuremberg.
Eurofound (2015), Nürnberger Versicherung, Internal restructuring in Germany, factsheet number 86014, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86014.
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...
