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 insurance company Tryg Forsikring is restructuring and have recently adjusted the number of jobs to be cut to in Norway up to 100 full-time equivalents. Tryg has almost 1,200 employees in Norway, about 900 of whom are located in Bergen. The Danish company had previously indicated that 60 positions could be cut in Norway, but has now confirmed that the cuts will amount to 100. 29 employees have been offered severance packages. The upwards adjustment of job reductions was made in response to the proposed five percent additional tax on salaries and profits in the financial sector, which the Government plans to introduce from 2017. The company has stated that this tax will accelerate an already ongoing restructuring effort in Tryg and act as an incentive, also for other companies in the financial sector, to relocate tasks such as IT-services to low-cost countries.
Eurofound (2016), Tryg Forsikring, Internal restructuring in Norway, factsheet number 88882, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88882.
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...
