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.
Suppliers of electricity, HEP Operator Distribution System (HEP ODS), announced that in early 2017 around 1,300 positions would be eliminated from the company. However, the company stated that 200 jobs will be relocated to a new company for public supply. The restructuring plan, which was jointly prepared by the international consultations firm PricewaterhouseCoopers (PwC) and the management of HEP ODS and HEP ltd and with the support of expert teams HEP ODS; recommends that the company remove the 1300 positions through natural attrition and early retirement where possible.
Instead of the current dominant geographic model, the new organisational structure of HEP ODS will be based on the functional model of management. It will give greater emphasis to profession, reduce stratification and complexity of the organisation and standardise business processes. The consequence of the new organisation will improve technical competence and management at four distribution units, which will coordinate the work of 21 electric currency distribution centres. Existing electric currency distribution centres will not be decommissioned, but their role is changing and the focus will be primarily on the field operations and network management. The distribution areas are designed according to the best practice from the industry, based on the number of employees, the length of the network, number of users and the surface areas covered.
The focus of the restructuring of the company will be to strengthen the core business of the company, to create better and more efficient organisation of field operations and to better management of assets and capital investments by HEP ODS. Early retirement programmes and related severance will be realised according to the signed collective agreement.
Eurofound (2016), HEP Operator Distribution System (HEP ODS), Internal restructuring in Croatia, factsheet number 88220, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88220.
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...
