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.
Samsung SDI, a South Korean electronics manufacturer has chosen Hungary, Göd as location for its latest plant producing batteries for electric cars. Previously, Samsung SDI manufactured plasma display panels (PDP) and mobile phone displays and cathode-ray tubes (CRT) for previous generation TVs at the site but because of declining demand the site closed in December 2014. The site has now been renovated and repurposed for a new product line in the fast-growing electric car market. Recruitment has already begun, 600 new jobs will be created and the plant will be fully operational in 2018 according to the company. Total investment amounts to 100 bn HUF (c. €320m).
Eurofound (2016), Samsung SDI, Business expansion in Hungary, factsheet number 88406, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88406.
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...
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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...
