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 Commercial court of Lille has decided to liquidate the private security company ARES-Sécurité, which currently employs 137 individuals. A take-over was expected but it failed, resulting in court's decision to liquidate the company. The employees were informed by Email on the 27 July and will receive their official dismissal letter during the first week of August. All employees are entitled to join scheme Carrer Path Security Contract (contrat de sécuritsation professionnelle). If the company does not meet the criteria to provide for reemployment leave, a Career Path Security Contract has to be put in place entitling workers to personalised support measures (e.g. training, help in business start-up). The workers receive compensation equal to a percentage of their former wage for one year. Furthermore, if the company is facing serious difficulties (for instance bankruptcy), the government may intervene via the national employment fund, which is aimed at workers' redeployment.
Eurofound (2016), Arès Securité, Bankruptcy in France, factsheet number 88285, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88285.
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...
