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.
In Finland, Normet Group, a provider of advanced solutions for selected customer processes in underground mining and tunnelling, has concluded its employer-employee negotiations and decided to cut 130 jobs worldwide. The group is active in Finland, Sweden and Chile. The company is also planning to close its manufacturing operations in Ludvika, Sweden, and concentrate its operations in in Iisalmi (Finland). In addition, the Group will lay off 40 workers temporarily and is negotiating to outsource six white-collar workers.
The need for reductions was initially estimated at 80 jobs in Iisalmi. At the personnel's request, redundancies were converted to temporary lay-offs. Managing Director of Normet, Timo Rask, expects the year 2016 to be difficult. The mining industry has been in a downhill slide for a long time. It can be estimated that job cuts in other countries will affect about 60 employees (130-71).
Eurofound (2015), Normet, Internal restructuring in European Union, factsheet number 86029, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86029.
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...
