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 22 April, tyre manufacturer Michelin announced the creation of 100 jobs in its plant in La Roche-sur-Yon (Vendée) in the framework of a competitiveness agreement concluded with two representative unions: CFE-CGC and SUD. Employees of the plant have voted in favour of the agreement, with 63% of the affected employees and 71% of the whole workforce at the site voting 'yes'. The two main unions, CGT and FO, which represent over 50% of the vote at the last professional elections, were against the agreement but explained they would not go against employees’ votes. According to the agreement, working time will be based on shift work, and employees agreed to work one Saturday out of four and up to 16 Sundays per year. To compensate for the additional and unsocial shifts, employees will receive 17 supplementary days-off per year or will earn around 2.5 times their average salaries for each Sunday worked. According to the manager, some employees could receive an additional 2 months' salary per year. The aim for Michelin is for the plant to be operational six days per week and is able to maintain strong seasonal production. The company has expanded several times within in France over the previous few years, in 2010, 2011, 2013, but also had incidents of job cuts in 2009 and 2013. Michelin has recently announced a plan to restructure one of its sites in Clermont-Ferrand, with a site closure by the end 2017 and a reorganisation of its engineering department by 2018.
Eurofound (2016), Michelin, Business expansion in France, factsheet number 87546, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87546.
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...
