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 PC manufacturer HP Inc., a former division of Hewlett Packard Enterprise that became independent in 2015, has announced plans to cut 3,000 to 4,000 positions worldwide over the next three years. Last year, Hewlett Packard Enterprise announced 25-30,000 job cuts, following a further 55,000 jobs cut since the current CEO, Meg Whitman, took over in 2012. The aim is to help the company to bring costs in line with the drop of demand in the market for personal computers and printers. The US based company has not yet announced where these job cuts will take place. HP said the job cuts will generate cost savings of about $200 million to $300 million (€180.3million to €270.5 million) annually starting in fiscal year 2020. The computer maker expects to take $350 million to $500 million (€315.6 million to € 450.8 million) in charges related to the plan, and of that total about $200 million(€180.3 million) will be labour costs. In September 2015, Hewlett Packard announced a plan to cut 25-30,000 jobs from its HP Enterprise division (see ERM factsheet) before to split the company in two, HP Inc. (PC, printer and software makers) and Hewlett Packard Enterprise (data centre, company services). The new 3,000 to 4,000 job cuts are on top of a previous job cuts announcement earliest this year of 3,000 job cuts.
Eurofound (2016), HP Inc., Internal restructuring in World, factsheet number 89019, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89019.
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...
