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.
On 24 November 2015, Germany's third largest insurance company Talanx announced to cut 600 jobs in Germany by 2020. Job cuts are due to internal restructuring with the company wanting to become more competitive. Most affected are employees in the company's customer service as the insurance company is currently merging its life insurance and property insurance business. In 2011, the company already announced a restructuring programme when the company was entering the stock market (Talanx 2011).
The company is currently negotiating the terms of restructuring with its works council. Further job cuts might affect Talanx’ subsidiary HDI Vertriebs AG. More information on possible job cuts at HDI Vertriebs AG will be released in the first quarter of 2016. Headquartered in Hanover (Germany), Talanx employs over 21,300 employees worldwide.
Eurofound (2015), Talanx, Internal restructuring in Germany, factsheet number 86059, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86059.
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...
