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.
The Finnish National Board of Antiquities, Museovirasto, is to cut 45 full-time equivalents following completed employer-employee negotiations. In total 29 employees will be let go, 11 employees will be retired and the remaining five jobs will be cut through different internal restructuring programmes. The restructuring is due to governmental budget cuts resulting in a deficiency of €2 million. Following the internal restructuring opening hours will be cut for several of the museums which form the National Museum of Finland and two smaller museums will be closed. The National Board of Antiquities will scale down its activities and the department of cultural heritage protection will be closed.
The National Board of Antiquities operates museums, conducts research, and performs regulatory functions (ie. performs inspections, issues opinions).
The ERM has reported on previous redundancies at the National Board of Antiquities following budget cuts in 2012.
Eurofound (2015), Museovirasto, Internal restructuring in Finland, factsheet number 86052, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86052.
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...
